Newsonomics: 8 Questions As Michael Ferro Leaves The Stage ($100 million Richer)

Michael Ferro has left the room. Tronc announced Friday that Merrick Media, the Ferro-led, Chicago-based investment firm had sold its 25% stake in Tronc. The hometown Chicago Tribune tries to tell us more about Sargent McCormick, the buyer of Merrick’s stake. We do know of his interest in the ...

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Newsonomics: Tronc & The Daily News, What To Make Of This Out-Of-The Blue Buy

For much of the winter and spring, Michael Ferro was uncharacteristically quiet. Once he’d defeated Gannett’s hostile takeover attempt of his newly named Tronc, Ferro seemed to cease being the center of the news industry storm. Some applauded; others privately told me they missed ...

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The Sun-Times, Tronc and The Eisendrath Group: What’s The Number?

What’s the number? What’s the real number? That’s what the competition for the Chicago Sun-Times comes down to this week, and probably into next. On Monday, the Edwin Eisendrath group upped its ante to $15 million, drawing together would-be funding from a Chicago-only ...

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Will Tronc Get Squeezed Out of a Sun-Times Acquisition?

Credit the Cubbies. The Chicago Sun-Times, long the struggling second newspaper of the city, managed to about break even in 2016, even as the fortunes of the overall newspaper business took a turn for the worse. Why? In strong part, the Chicago Cubs broke their curse, and with a heroic World ...

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