Newsonomics: Can a Ferro-Bezos Buddy Act Help Fend Off Gannett’s Bid for Tribune?

On Thursday, Tribune Publishing chairman Michael Ferro took to the airwaves, selling investors on his rejection of a seemingly generous takeover bid by Gannett. The company’s spent recent days talking up its potential for growth on its own — notably the planned “content monetization ...

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Digital First Media’s Real Price for Southern California Papers: A Paltry $16 Million

After besting Tribune Publishing to win the Orange County Register and (Riverside) Press-Enterprise out of bankruptcy (“It’s official: Digital First Media defeats Tribune in bid for southern California newspapers”), Digital First Media has flipped the real estate that was included in the ...

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Trash-Talking in the O.C., With Two Newspapers Hanging in the Balance

Nothing is easy when it comes to newspapering in southern California. Two bids for the Orange County Register, and associated properties, are now in to a bankruptcy court, and my sources indicate they are on the “puny” side. That may not be surprising, considering the current dismal state of ...

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Michael Ferro Immediately Redefines Tribune Publishing’s Chairman Role

Companion column: Santa Ana Showdown: Tribune’s Bid for Southern California   Michael Ferro’s new title at Tribune Publishing is “non-executive chair.” Since Ferro’s company, Merrick Media, bought a major stake in Tribune earlier this month, he is behaving more like an executive ...

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Tribune Publishing Builds a Southern California War Chest

Chicago entrepreneur Michael Ferro will soon move across town, into the third-floor chairman’s suite in the legendary Tribune Tower. Yes, he’ll be 16 floors below Tribune Publishing CEO Jack Griffin, and the Tower is for sale anyway, but his new presence there will be something to watch. On ...

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Tribune Publishing Prepares to Play More Defense

After a mid-month lull, the drama of Tribune Publishing’s future is becoming more public again — on both coasts, and at the mothership in Chicago — highlighting a company still on the defensive. On Sunday, recently fired L.A. Times Publisher and would-be Times buyer Austin Beutner will get a ...

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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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The Jack Griffin – Eli Broad Stare-Down in L.A.

It’s power vs. power. Who will blink first — and, importantly, how quickly? On Thursday, a group of 60 Los Angeles civic leaders, topped by two former mayors and such heavyweights as Mickey Kantor, chairman of the Los Angeles 2020 Commission; Anthony Pritzker, managing partner of the Pritzker ...

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Newsonomics: Buying Yelp — and Making It the Next Core of the Local News and Information business

Yelp’s for sale, and the news has generated the usual, now-tiresome lists of potential buyers: Google, Amazon, Apple, Yahoo, Facebook. It’s like all the money in the business world slid off one end of the table and sluiced down to Silicon Valley. Forget the old spend-a-week-without-the-Internet ...

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The Great Devaluation of the American Daily Newspaper

James Dolan surprised many casual observers of the flailing newspaper trade when he suggested he might bid on the for-sale New York Daily News—and offer a dollar. But the dollar is a good proxy for the familiar question mark, as in who the hell knows what a newspaper property is worth these ...

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