Newsonomics: Here Are 20 Epiphanies For The News Business Of The 2020s

It is the best of times for The New York Times — and likely the worst of times for all the local newspapers with Times (or Gazette or Sun or Telegram or Journal) in their nameplates across the land. When I spoke at state newspaper conferences five or ten years ago, people would say: “It’ll... ...

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Newsonomics: Patrick Soon-Shiong On The L.A. Times’ Transmedia Future, French-Fry Tweets, And Modernizing The “Newspaper” Business

It was a single weekend phone call three years ago that set Patrick Soon-Shiong on an unexpected path. It was Michael Ferro, whom he barely knew, calling in spring 2016, telling him he’d make the medtech billionaire a “partner” in Tribune Publishing — if he agreed to invest $70.5 million (at a ...

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Newsonomics: At The New L.A. Times, Norm Pearlstine Is Doing a Little California Dreaming

Last year, on his third attempt — over 46 years — to get a good job in Los Angeles, Norm Pearlstine landed the plum of West Coast plums. Once Patrick Soon-Shiong paid a billionaire’s ransom to free the Los Angeles Times (and San Diego Union-Tribune) from the clutches of Tronc, Pearlstine ...

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Newsonomics: Inside The New L.A. Times, a 100-Year Vision That Bets On Tech And Top-Notch Journalism

  Read all of Ken Doctor’s series on the new L.A. Times:     Look past the view of the 105. Beyond it is the unfolding of the 21st century, delayed but now in full force at the Los Angeles Times. That’s my big takeaway from a visit to Patrick Soon-Shiong’s new temple to ...

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Newsonomics: The Ins And Outs Of A Potential McClatchy-Tronc Merger

Could McClatchy unexpectedly join Gannett and GateHouse as survivors in the game of the American daily newspaper consolidation? Could California become a new epicenter of the American local newspaper business? Could Patrick Soon-Shiong have found a bigger lab to test his theories of AI-enhanced ...

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Newsonomics: It Looks Like Tronc Is About To Be Chopped Up And Sold For Parts

While it still requires some deal jiu-jitsu, Tronc looks to be on the brink of being broken up. Will Wyatt’s new Donerail Group, several confidential sources tell me, has now gotten the financing in place to do a deal to buy Tronc. Donerail would purchase Tronc’s 10 daily newspaper properties, ...

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Newsonomics: Still Another Tronc Drama, As John Lynch Re-Enters The Business

Tronc doesn’t do anything by the book. Even as much of the company’s turbulence looks to be clearing, new questions are emerging about who will next lead the big metro chain. Softbank and Apollo Global Management have reportedly expressed real interest in buying the company, but much more ...

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Newsonomics: What’s Holding Up Patrick Soon-Shiong’s L.A. Times Closing?

In Los Angeles, Soon-Shiong had been expected to close his close-to-$600 million deal for the Los Angeles Times and San Diego Union-Tribune by now. That expectation had been set by Tronc itself and others involved in the agreement. Sources say that the deal will soon close and that it’s been ...

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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: A (Publishing) Obit For Michael Ferro

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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