Newsonomics: Michael Ferro’s Creeping Privatization of Tronc

On Thursday, Michael Ferro solidified his control of Tronc, the company he seized a more tentative kind of control of just 13 months ago, deposing then-Tribune Publishing CEO Jack Griffin in a quick coup de press. This week’s move looked financial, but too, speaks deeply to power and control. ...

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Tronc Investor Patrick Soon-Shiong Ups Stake Again in Battle for Control of Newspaper Giant

What’s a Tronc (TRNC) worth these days, or, more precisely, what’s a quarter of a Tronc worth in early spring 2017? That’s our media math question of the day. On Monday, Tronc Vice Chairman, would-be Friend of Trump, Los Angeles Lakers part-owner and anti-cancer crusader ...

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Tronc Turmoil: Beyond the Public Quiet, Pressure Builds in Delaware Courts, Gannett HQ and Tribune Tower Itself

After 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 ...

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Gannett Outlines Its New Waiting Game

Gannett 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 ...

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Michael Ferro Uninterruptus: Can Gannett Pry The Talkative Tribune Head From His New Chair?

Meet Michael Ferro. Ferro, 49, is not yet three months in to his stint as chairman of Tribune Publishing, the newspaper company that owns and operates such august titles as The Chicago Tribune, The Los Angeles Times and The Baltimore Sun, and he is already fending off efforts from powerful ...

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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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Newsonomics: Fixing the Financials at Tribune Publishing

If you think keeping track of Tribune Publishing’s many ups and downs has been hard for media observers, consider the issues within the company. For the second year in a row, TPUB’s annual 10-K filing has had to note “material weaknesses in the Company’s internal control over financial ...

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Newsonomics: In Southern California’s Newspaper Chaos, Is Anyone Really Speaking For The Readers?

William Baer, assistant attorney general in charge of the Department of Justice’s antitrust division, had already bluntly told all involved in the Freedom Communications newspaper bankruptcy auction that Tribune Publishing should stay out of the bidding. He sent an email two days before ...

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Feds Sue Tribune Hours After It ‘Wins’ Bid for Freedom Communications

What started as a marathon has turned into an obstacle course. In today’s wee hours, just before dawn, Tribune Publishing was named as the “winner” in the Orange County Register bankruptcy auction. Tribune’s winning bid of $56 million in cash – topping high-end estimates of the combined value ...

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Tribune, the Register Auction and DOJ’s Scarlet Letter

For those who have been following the ongoing tragicomedy of California’s dying newspaper industry, today, March 16, marks a climax. And as with all amazing stories, the moments leading up to that climax have made it a nail-biter. The real action is mundane enough: Today is the day that final ...

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