Chicago - based newspaper
publisher Tronc, which also publishes the Los Angeles Times and the Chicago Tribune, has acquired the Daily News, a storied NYC tabloid newspaper that won a Pulitzer Prize this year, but has been buffeted by the changing media environment.
Meanwhile, Japan «s Softbank reportedly is interested in buying media
publisher Tronc.
Yesterday, Michael Ferro, chairman of newspaper
publisher Tronc, announced his retirement.
Not exact matches
Gannett, the biggest U.S. newspaper
publisher by circulation, made an unsolicited $ 12.25 per share takeover offer for
Tronc — formerly Tribune Publishing — in April, valuing the company at about $ 815 million.
While trying to stave off a potential takeover from rival
publisher Gannett Co., Tribune recently changed its name to
Tronc — short for «tribune online content» — and released a much - discussed, much - mocked promotional video announcing the changes.
On the same afternoon that NPR's David Folkenflik was to release his scoop on Los Angeles Times
publisher Ross Levinsohn's alleged history of workplace harassment, Levinsohn himself delivered a manifesto of sorts on
Tronc's...
Ironically,
Tronc had claimed that its technology prowess would allow it to succeed whether other news
publishers failed.
Last week,
Tronc, the parent company of the Times, fired D'Vorkin along with
publisher Ross Levinsohn, the former for presumed mismanagement of the newsroom, the latter presumably for alleged sexual harassment at a former employer.