Sentences with phrase «as tronc»

Ferro hired new executives early on, around the time he was renaming Tribune Publishing as Tronc, but they failed to achieve any recognizable transformation.

The Gannett battle over, Ferro faced two noisy dissident shareholders: Oaktree, dispatched today with high - priced hush money, and HG Vora, an activist shareholder that smelled profit last year as Tronc was in play and bought into the company speculatively.

As Tronc plots a new strategy, it has treated its own staff as a group not to be trusted.

As Tronc reckons with the crash of its stock price and oh - so - private Alden Global Capital...

As the Tronc sale of the Times and the San Diego Union - Tribune finalizes, now most likely in mid-April, the next question arises: What becomes of Tronc?

As Tronc reckons with the crash of its...

Not exact matches

Although he stepped down from his role, Ferro will still be paid $ 5 million - per - year by Tronc through Dec. 31, 2020, to serve as a consultant.

Tronc, whose shares fell as much as 27 % to $ 8.76 in early trading, said a deal was reached on a purchase price in mid-September but Gannett had informed the company that its financing had encountered «an unexpected delay.»

«Tronc remained a constructive partner to Gannett as it sought to complete its financing for the agreed upon purchase price, however, Gannett was unable to do so and terminated discussions,» the company said.

Although the release doesn't mention it, while Tribune was becoming tronc, it was also taking a vote on a new slate of directors — a vote that Gannett attempted to influence by trying to convince shareholders to withhold their support, as a show of non-confidence.

It may seem like Gannett's attempt to acquire Tronc — the newspaper company formerly known as Tribune Publishing — has been going on forever, but that's probably because it has died and been revived so many times it's difficult to keep track.

A statement from Tronc management said that the company «remained a constructive partner to Gannett as it sought to complete its financing for the agreed upon purchase price, however, Gannett was unable to do so and terminated discussions.»

«We are proud to welcome tronc to the Nasdaq family and look forward to our partnership with the Company and its shareholders as the next phase of its growth strategy begins.»

tronc expects its common stock to begin trading as a Nasdaq - listed security under the new ticker symbol «TRNC» on June 20.

Traditional news organizations like The New York Times and Tronc, formerly called Tribune Publishing, are investing heavily in video as well.

First published at Harvard's Nieman Journalism Lab on March 9, 2018 as part of «Newsonomics: Tronc «Crashes», DFM Owner Sued, News Guard Funded, Advance Tiptoes Into Paywalls — and The Big Lesson From Hypergrowing The Athletic»

But Tronc still saw a $ 1 million drop in what now classifies as digital circulation revenue.

Last year, it seemed as if Tronc was the most memorable word of the news year, a new media name seemingly invented as self - parody.

While Tronc chairman Michael Ferro fancies himself as a buyer rather than a seller, Tronc's own fortunes over the next several years would require a crystal ball, especially if second - largest shareholder Patrick Soon - Shiong makes his move to take over the company early next year.

Both Gannett and Tribune Publishing are settling in for a protracted battle, as Gannett marches forward in an increasingly hostile takeover attempt of Tribune (POLITICO: «Tribune's anti-Gannett strategy: Tronc, the Lagos Gambit and stalling»).

In addition, Oaktree vice-chairman John Frank stated publicly what others (POLITICO: «Tribune's anti-Gannett strategy: Tronc, the Lagos Gambit and stalling») have said privately: Michael Ferro's strategic vision is Wizard of Oz - like: «We have met with Michael Ferro and spoken with him on the phone, and we have listened to his ideas about building value as a standalone company through a digital transformation of Tribune.

The board also turned against Patrick Soon - Shiong — who even as he closes on the L.A. Times sale still remains Tronc's second - largest shareholder, with something less than a quarter of the company.

Tronc, the company formerly known as Tribune Publishing, owns 10 U.S. newspapers, including the Chicago Tribune, Baltimore Sun and New York Daily News, which would not be part of the deal.

While Ferro is stepping down from the Tronc board, he will continue as a paid management consultant to the company, a result of a deal struck in December.

Justin Dearborn, chief executive officer of Tronc, was named to succeed Ferro as chairman of the company, which also owns the Chicago Tribune, New York Daily News and other major daily newspapers.

A longtime business partner to Ferro, Dearborn was appointed chief executive of Tronc in February 2016 after leading Merge Healthcare as its chief executive.

As the two Tronc principals have added gradually to their holdings over the past several months, news industry and Tronc watchers have themselves speculated on the twin buying spree.

Tronc financial advisers Goldman Sachs and Lazard Frères will help lead a meeting in Los Angeles, involving Tronc board chairman Michael Ferro and his top Tronc C - suite level executives, as well as possibly board members.

Using Tronc's own company funds for the selective «stock buyback,» rather than his own money, he first removed that lawsuit threat that still hung over his head; Oaktree agreed, as part of this sale, to drop its potential claims.

Officially, Tronc paid $ 56.2 million — more than 25 percent of the company's $ 200 million cash holdings as of the end of 2016 — to buy out the remaining shares of Oaktree Capital.

In fact, this week's events tell us something even more: As Ferro's Merrick Media investment company moves toward 30 percent ownership of Tronc, we're seeing the creeping privatization of the company.

Given how long Michael Ferro and Tronc have been pondering the syndication business, union - busting doesn't make sense as a prime motivation.

«Transforming Legacy Brands To Become A Modern Media Company» served as the title of last week's Tronc presentation.

Without a newsroom fully on board — as we see at the paper's major role models, The New York Times and The Washington Post — it's hard to see how the L.A. Times and Tronc turn around a company whose financials are deeply challenged.

As February approaches, we await full - year from financials from Tronc and other public companies.

In describing its content creation and syndication strategy, Tronc repeats: «The approach allows us to be less dependent on the newsroom transformation as we pursue other growth opportunities; the goal is to integrate over time.»

Ferro also sought to buy Us Weekly when it went up for sale last year, and Tronc's name as been frequently mentioned as a potential buyer for other national entertainment news businesses.

It's hard not to read it as a vote of no confidence in D'Vorkin, Levinsohn, and Tronc management, including chairman Ferro and CEO Justin Dearborn.

Above all, business transformation requires newsroom transformation, as well as transformation of other key Tronc processes, some of which are indeed in their beginning stages.

Tronc's board rejected both as too low and not in shareholders» best interests.

The restaurant uses the «tronc» system, which is supposed to ensure tips are split equally between staff, but as Henry explains, employees are kept in the dark as to how their share has been calculated.