Latest in Tronc

A little more than two years after Tribune Publishing Co. now infamously changed its name to the Wall Street collective head-scratcher tronc, Inc., the company is officially changing its name back. The Chicago-based publishing company will resume trading on the Nasdaq under the symbol TPCO, replacing TRNC, on October…

Tronc, which acquired the New York Daily News last year for $1 plus the assumption of debt, has slashed half of its editorial staff as part of an aggressive new emphasis on digital news delivery. The company’s stock price has dipped a fraction so far today, to about $16.10, which is within the narrow range where it…

The New York Daily News, the city’s scrappiest tabloid of the Trump Era, announced a huge round of layoffs today that will eliminate fully half of the Tronc-owned paper’s editorial staff. Among those handed their walking papers was Editor-in-Chief Jim Rich, who tweeted today, “If you hate democracy and think local…

As Tronc announced today’s closing of its sale of the Los Angeles Times and San Diego Union-Tribune for $590 million including the assumption of liabilities, multiple press reports said it plans to surrender its controversial name. Short for “Tribune Online Content” (and also an obscure bit of British slang), Tronc as…

Former Los Angeles Times editor-in-chief Lewis D’Vorkin and dozens of other employees of Tronc Inc. were dismissed on Thursday. The cuts, which were made in a joint meeting with all the laid off employees present, included Tribune Interactive’s Los Angeles-based video and online content teams, which operate…

Michael Ferro has stepped down as chairman of the Tronc board just hours before sexual misconduct allegations became public. The controversial multi-millionaire, who led the drive to cut staff at the corporation’s publications while negotiating a $15 million consulting contract for himself, announced his plans to…

Tronc is hoping its sale of the Los Angeles Times and San Diego Union-Tribune will close “in days or weeks,” the company’s CFO, Terry Jiminez, told investors during a conference call to discuss the company’s fourth-quarter results. The sale to biotech billionaire Patrick Soon-Shiong, for $500 million in cash plus the…

Craig L. White has been appointed as EVP Worldwide Sales and Distribution at Paramount Home Media Entertainment. He moves into the newly created role from Tronc, the Tribune publishing company, where he was SVP and GM and oversaw business development. At Paramount, White will report to president of Worldwide Home…

Tronc confirmed this morning that it has sold the Los Angeles Times and San Diego Union-Tribune to biotech billionaire Patrick Soon-Shiong for $500 million plus the assumption of $90 million in pension liabilities. Because of the healthy sale price and the removal of longstanding friction between management and newly…

Los Angeles biotech billionaire Patrick Soon-Shiong is in talks to acquire the Los Angeles Times and San Diego Union Tribune, the newspaper reports. The deal, valued at $500-million, would return the Times to local ownership, and end parent company tronc’s increasingly troubled relationship with the Southern…

The Los Angeles Times, whose tumultuous 2018 has already seen newsroom employees unionize and its publisher placed on paid leave for an alleged pattern of sexual misconduct, has named its third editor-in-chief in six months, according to multiple reports. Tronc, the paper’s embattled parent company, is expected to…

The new Los Angeles Times union is demanding that management provide answers on an alleged “shadow newsroom”  forming that may be an attempt to circumvent the bargaining unit. In a note posted today to latguild.com by the Los Angeles Times Guild organizing committee and addressed to “Dear Colleagues,” the union…