On Friday afternoon, Tronc announced that its lead shareholder Merrick Media, led by just-resigned board chairman Michael Ferro, was selling its entire stake in the company. McCormick Media — managed by Sargent McCormick, a distant relative of the McCormick family that controlled the Chicago ...
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Patrick Soon-Shiong has finally won his hometown prize. After a number of years of trying to buy his local paper, Los Angeles’ richest billionaire has seized an unpredictable opportunity. In a move that’s shocking but not really surprising, 65-year-old Soon-Shiong will pay a chunk of ...
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In the latest stunning development at the Los Angeles Times, Tronc is moving two of its top executives to new roles, I’ve learned. As conference calls consumed key Tronc executives this weekend, the still-in-process battle plan now includes the end of embattled Times editor-in-chief Lewis ...
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All of the furor consuming the Los Angeles Times’ newsroom over the past half-year may just be a prologue. Tronc has apparently made operational a newer entity — Los Angeles Times Network LLC — to launch its just-revealed-to-investors strategy of major content creation, distribution, and ...
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On the same afternoon that NPR’s David Folkenflik was to release his scoop on Los Angeles Times publisher Ross Levinsohn’s alleged history of workplace harassment, Levinsohn himself delivered a manifesto of sorts on Tronc’s strategy. Speaking to the Needham Growth Conference ...
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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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In the midst of a union organizing vote, new Los Angeles Times editor-in-chief Lewis D’Vorkin is moving forward with a sweeping reorganization of the Times newsroom. He will, I’ve learned from numerous sources, soon announce three new top hires — all from outside a newsroom in turmoil. Those ...
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First published at Harvard’s Nieman Journalism Lab The bidding for Forbes is now moving into round two, with a sale expected within a month. A surprising set of largely non-U.S. buyers is flipping through the pages of a memorandum prepared by Deutsche Bank, which Forbes has tasked ...
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