The bankers are now hired. Is the early 2019 newspaper chain M&A face-off now getting serious? It’s reminiscent of an earlier brand of warfare. Newspaper chains — all cutting desperately, each facing a shortening deadline to make a “digital transition” — line up their dealmaking armies, ...
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Alden’s going to snatch Gannett! No, Gannett’s going to turn the tables and buy Alden’s Digital First Media! But wait, Gannett will reject Alden — is that a real offer? — and turn its attention to merging with Tribune! No, Tribune — having dispatched its CEO Justin Dearborn to clear the way for ...
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As 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 ...
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In 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 ...
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Gannett’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 ...
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Throughout this morning’s earnings call, the thought reoccurred: Jack Griffin’s new Tribune Publishing Company is playing catch-up. Then, toward the end of the call, one a little more informative than average, the CEO said it plainly, and more honestly than what we usually expect to hear on ...
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It’s a Koch-around. The unexpected, and real, interest of Charles and David Koch in buying all the Tribune papers has set off a public and labor furor ("The Newsonomics of the Kochs Rising and Uprising"). While the AFL-CIO itself has mounted a quite public protest, two of Tribune’s owners — ...
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