April 24, 2024
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In a move of perhaps canny timing, two top Tronc executives are now enjoying enhanced pay packages – ones that will pay out millions of dollars should Tronc be sold to Gannett or another bidder. Further, the possibility of sale – still a quite live one this summer – could be on the table ...
Read MoreRelated column: A Tronc Tomorrow: The Return of Gannett and the Uberfication of News Anyone looking for drama in today’s Tronc second-quarter financials was disappointed. No dramatic announcements, internally or externally — and not a peep out of Gannett of its intentions to mount a new ...
Read MoreRelated column: Newsonomics: Tronc M, Tronc X, or just Tronc — it’s Still in an Uncertain Position Time for another Tronc (Tribune Publishing) quarterly financial report. Time for more intrigue. And this time, we can ask: what kind of surprise might tronc chairman and digital ...
Read MoreAfter noisily consuming much of the news industry oxygen during the first half of 2016, the quiet currently emanating from tronc HQ seems almost unsettling. There have been no tronc announcements since the big news of Tribune Publishing re-naming on June 20. Gannett hasn’t made a peep since ...
Read MoreHow much of the much-ballyhooed and much-ridiculed nerve center of Michael Ferro’s promised artificial intelligence empire can be found on the fourth, fifth and tenth floors of Wichita’s High Touch building on south Main Street? SNT Media now produces much of the commercially oriented ...
Read MoreGannett CEO Bob Dickey is slowing down in his quest to acquire Tribune Publishing, but he has no plans on stopping. Today, Dickey’s Gannett took a public deep breath – and vowed to persist in its unwanted wooing of Tribune. Surprising some, Gannett put no more money on the table. The company ...
Read MoreAs Gannett’s strategy to make a quick kill of Tribune Publishing goes south, could a lawsuit save it? Large Tribune investors have all but threatened to file suit. They’ve charged that Tribune chairman Michael Ferro isn’t representing the interests of all shareholders, as a leader of a ...
Read MoreIn a move that, even amid all the nastiness of the Tribune/Gannett war, we would still have to consider stunning, Tribune Publishing has renamed itself — to tronc. In a memo to Tribune staff this afternoon, CEO Justin Dearborn wrote: Today, I am pleased to announce ...
Read MoreGannett’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 MoreSay one thing for Michael Ferro: the would-be showbiz aficionado can certainly pull a rabbit out of a hat. The chairman of Tribune Publishing proved it again Monday when he got his board to reject much larger rival newspaper company Gannett’s second offer of $15 per share to buy the company, ...
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