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: Inside L.A.’s Journalistic Collapse

How far is The Post from Los Angeles? Figure almost 50 years, as well as 3,000 miles. While big audiences and the remaining fully paid journalists can delight in the triumphant Spielbergian tale of The Washington Post’s decision to follow The New York Times in publishing the Pentagon Papers in ...

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Newsonomics: L.A. Consequential

It’s a trademark line of Austin Beutner’s: “I cannot imagine Los Angeles without a vibrant L.A. Times.” As anyone who follows media knows, the Los Angeles Times publisher’s imagination short-circuited the day after Labor Day, when he was fired by Tribune Publishing CEO Jack Griffin (“Tribune to ...

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