While Tronc refuses comment, the revelation of the new company helps connect up recent events.
Levinsohn had been placed on unpaid leave last month
while Tronc looked into sexual harassment allegations in previous executive roles at other companies.
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.
Not exact matches
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.
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.
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.
While such change of control clauses are not uncommon, the timing of the grant — with
Tronc directly in play — is bound to further anger investors.