Ken Doctor: Michael Ferro’s Tronc Nears Purchase of Wenner’s Us Weekly

Tronc (TRNC) , the third-largest U.S. newspaper company, is closing in on a deal to buy Us Weekly from Jann Wenner’s Wenner Media. The purchase price likely would be in the $85 million to $95 million range, sources said, with Tronc chairman Michael Ferro believing the acquisition will ...

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Triple Witching This Week @Gannett? 3Q Earnings, “Significant Layoffs” & Tronc Closure

Early in the month, I reported an “imminent” sale of Tronc, publisher of a trove of newspapers including big-city broadsheets like The Los Angeles Times, Chicago Tribune and Baltimore Sun, to Gannett, publisher of USA Today as well as a vast array of regional newspapers around the ...

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House of Murdoch, Sulzberger Shuffle & The Next Gannett: 10 Storylines into 2017

It’s been a remarkable year for the nation, and its press. Transfixed by the Trump phenomenon, election anxiety has all but consumed us. But soon, what has felt like a national colonoscopy will soon be over, and the press will march (or at least step) forward. As we consider the most ...

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Newsonomics: Why Doesn’t Gannett Just Drop Its Tronc Bid, and See What Happens With Its Stock Price?

When officials at Tronc (formerly known as Tribune Publishing) canceled a September roadshow highlighting to investors in a half-dozen cities the bright future of the company just a day after announcing it, speculation began in earnest among Tronc’s close watchers. Was it as mundane as trouble ...

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Tronc Considers a Counter to Gannett’s 3rd-Sweetened Offer

It’s apparently no longer a question of whether to sell or not, but for how much. For four months, Tronc – the company formerly known as Tribune Publishing, parent of The Los Angeles Times and The Chicago Tribune among other similarly august titles in smaller markets – has steadfastly and ...

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Tronc Awards Potential Millions to Two Top Execs; CEO, CFO Could Get Last Tronc Laugh if Gannett Buys the Company

In a move of perhaps canny timing, two top Tronc executives are now enjoying enhanced pay packages – ones that will pay out millions of dollars should Tronc be sold to Gannett or another bidder. Further, the possibility of sale – still a quite live one this summer – could be on the table ...

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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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Newsonomics: Mitra Kalita Leaves L.A. Times for CNN

The Los Angeles Times has just lost an important digital leader, as S. Mitra Kalita — just named as one of the ten most poachable players in media — leaves her job as managing editor for digital strategy of the paper to become vice president of digital programming at CNN, starting later this ...

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With Soon-Shiong Investment, Michael Ferro Pulls Rabbit Out of His Hat

Say one thing for Michael Ferro: the would-be showbiz aficionado can certainly pull a rabbit out of a hat. The chairman of Tribune Publishing proved it again Monday when he got his board to reject much larger rival newspaper company Gannett’s second offer of $15 per share to buy the company, ...

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Tribune’s Michael Ferro: Sell to Gannett? We’ll Buy Gannett!

Tribune Publishing chairman Michael Ferro hasn’t said much in public since Gannett, the largest newspaper company in the U.S., went public with its hostile takeover bid for his company. But inside the company, publisher of a slate of struggling but nationally recognized broadsheets like The ...

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