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: 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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