Newsonomics: How Gannett’s Bid for Tribune Went South

Gannett’s hopes for a quick acquisition of Tribune Publishing, the owner of the Los Angeles Times, Chicago Tribune, Baltimore Sun and a half dozen other regional newspapers, are looking increasingly problematic. Tomorrow at the Los Angeles office of law firm Sidley Austin, Tribune will hold its ...

Read More

Tribune’s Michael Ferro: Sell to Gannett? We’ll Buy Gannett!

Tribune Publishing chairman Michael Ferro hasn’t said much in public since Gannett, the largest newspaper company in the U.S., went public with its hostile takeover bid for his company. But inside the company, publisher of a slate of struggling but nationally recognized broadsheets like The ...

Read More

Tribune’s Anti-Gannett Strategy: Tronc, The Lagos Gambit and Stalling

Now, in the likely last chapters of the Tribune saga, parody precedes event. As Justin Dearborn – sans his boss, Tribune board chairman Michael Ferro – outlined the company’s new “billion-dollar” thinking Wednesday, a column in LA’s Downtowner proceeded to steal his strategic thunder. Entitled ...

Read More

Newsonomics: Can a Ferro-Bezos Buddy Act Help Fend Off Gannett’s Bid for Tribune?

On Thursday, Tribune Publishing chairman Michael Ferro took to the airwaves, selling investors on his rejection of a seemingly generous takeover bid by Gannett. The company’s spent recent days talking up its potential for growth on its own — notably the planned “content monetization ...

Read More

Michael Ferro Uninterruptus: Can Gannett Pry The Talkative Tribune Head From His New Chair?

Meet Michael Ferro. Ferro, 49, is not yet three months in to his stint as chairman of Tribune Publishing, the newspaper company that owns and operates such august titles as The Chicago Tribune, The Los Angeles Times and The Baltimore Sun, and he is already fending off efforts from powerful ...

Read More

Tribune’s New Ferro Era Begins, With Massive Leadership Change

The Jack Griffin era at Tribune Publishing is over – almost before it had really taken hold. The company this morning confirmed the sweeping reorganization of its top management that I had reported on Tuesday (“Michael Ferro Cleans The House That Jack (Griffin) Built”). In the sweep ...

Read More

Michael Ferro Cleans The House That Jack (Griffin) Built

Some of Jack Griffin’s top executive hires will soon follow him out the door at Tribune Publishing. Griffin’s ouster, which I was able to break the news of one week ago (“Jack Griffin Out at Tribune”), turns out to be just the beginning of new Tribune Chairman Michael Ferro’s housecleaning. ...

Read More

Oscar Spotlight a Dim One for Hometown L.A. Times

While old-fashioned investigative journalism took center stage in Los Angeles at the Oscars Sunday evening, hometown reporters for the L.A. Times found themselves scrambling to cover the event. The Times had been allocated six passes for entry to the Dolby Theater – essential access to tell the ...

Read More

CEO Jack Griffin Is Out At Tribune

Tribune Publishing has parted ways with its CEO Jack Griffin, I’ve learned. In a fast-moving turn of events, unusually quick by corporate standards, newly minted Tribune Publishing board chairman Michael Ferro has orchestrated Griffin’s ouster — and directed the choice of his successor. Tribune ...

Read More