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Local and National News
Leon Black may be looking to buy Tronc
Apr. 19, 2018 | The New York billionaire’s buyout shop Apollo Global Management is eyeing an acquisition of publishing empire Tronc — swooping in as negotiations to sell the company’s Los Angeles Times and San Diego Union-Tribune papers have stalled, The Post has learned. Apollo has kindled talks with the management team at Tronc — whose other holdings include the New York Daily News and Chicago Tribune — along with a few other prospective acquirers that include at least one media company, sources said… New York PostChicago Tribune staff seeks to form union in challenge to Tronc
Apr. 11, 2018 | The Chicago Tribune’s editorial staff announced an effort to unionize, delivering a fresh challenge to owner Tronc Inc. following the resignation of its chairman amid accusations of sexual misconduct. “This would be the first union for editorial employees in the Tribune’s 170-year history, and we know you may have questions,” a committee of 46 employees said in a letter circulated to co-workers on Wednesday… BloombergHoffa on Equal Pay Day: Disparity of women’s pay is nothing to celebrate
Apr. 10, 2018 | Today is a sad reminder of the pay inequity faced by women in the workplace. Despite the annual effort to pass legislation in Congress that would codify paycheck fairness, there has been no progress. And that inaction will cost women and their families more than $430,000 over the length of their careers. Although the overall economy has been improving, the pay gap has barely budged in more than a decade. It hits nearly every occupation and is even worse for women of color. This is not just a low-income problem – it is an every woman problem… TeamstersOlder news items can be viewed at 888 News.
Feb. 1, 2017 | For a few says, the parent company of the Chicago Tribune [and Baltimore Sun] told us everything we need to know about its contempt for reporters and cynicism about journalism. Just after 3 p.m. last Friday, @troncCareers posted a tweet with a Dilbert cartoon mocking the idea of hiring reporters… robertfeder.com Feb. 7, 2018 | The Chicago-based owner of the Los Angeles Times completed its sale of the newspaper on Wednesday in a surprise move that probably spells the end of its long-troubled relationship with Southern California’s leading news outlet. The buyer is Patrick Soon-Shiong, a Los Angeles-area physician and a major shareholder of the paper’s former parent company, Tronc. As part of the $500 million deal, he will also buy its sister newspaper, the San Diego Union-Tribune…. Washington Post Mar. 12, 2018 | [Last] Thursday marked a day of reckoning for Tronc. The company — the last big public newspaper company to report year-end earnings — released those numbers for 2017. They weren’t good, as I had signaled in my earlier reporting on the chaos at and subsequent sale of the Los Angeles Times. But what followed seems to be much more than a reaction to that report. In a single stunning trading session, Tronc lost almost a quarter of its market value — or $160 million, down 24 percent.… Neiman Lab Feb. 1, 2017 | For a few says, the parent company of the Chicago Tribune [and Baltimore Sun] told us everything we need to know about its contempt for reporters and cynicism about journalism. Just after 3 p.m. last Friday, @troncCareers posted a tweet with a Dilbert cartoon mocking the idea of hiring reporters… robertfeder.com Feb. 7, 2018 | The Chicago-based owner of the Los Angeles Times completed its sale of the newspaper on Wednesday in a surprise move that probably spells the end of its long-troubled relationship with Southern California’s leading news outlet. The buyer is Patrick Soon-Shiong, a Los Angeles-area physician and a major shareholder of the paper’s former parent company, Tronc. As part of the $500 million deal, he will also buy its sister newspaper, the San Diego Union-Tribune…. Washington Post Mar. 12, 2018 | [Last] Thursday marked a day of reckoning for Tronc. The company — the last big public newspaper company to report year-end earnings — released those numbers for 2017. They weren’t good, as I had signaled in my earlier reporting on the chaos at and subsequent sale of the Los Angeles Times. But what followed seems to be much more than a reaction to that report. In a single stunning trading session, Tronc lost almost a quarter of its market value — or $160 million, down 24 percent.… Neiman Lab
Elsewhere in The News
• UPS rolls out My Choice Deals program
• Dysfunction and infighting cripple labor board
• Trump’s tariffs are already costing American jobs
• UPS flight dispatchers vote to authorize strike
• Teamsters organizers target XPO Logistics in Memphis
• How a day in a UPS big rig opened my mind to trucking
• Teachers are fighting for a lot more than their own paychecks
• New Labor Board urged to implement union recertification votes
• What you need to know about Facebook’s new privacy settings
• Teamsters applaud inclusion of labor provision in new FAA reauthorization bill
April 20, 2018 | UNIONS | The Supreme Court is poised to bring “right to work” (RTW) to the public sector. Conservative, anti-labor forces see this as a blow to labor and are providing the financial and ideological support for the effort... Janus will be an enormous blow. But it does not have to mean the end of the labor movement. As teachers in West Virginia have made clear, a militant, determined group of workers fighting strategically can prevail in spite of labor law stacked against them… Jacobin Magazine
April 19, 2018 | WAR ON WORKERS | The National Retail Federation (NRF) issued a letter to federal officials Wednesday asking them to rescind a recent rule which speeds up union elections. Former President Barack Obama oversaw a very active administration when it came to labor policy. The purpose was to better protect workers by strengthening regulations and unions. The National Labor Relations Board (NLRB) ushered in changes to union election procedures in those years which critics have called the “ambush election” rule. The rule shortens the amount of time union elections are held from a typical 38 days to as little as 10 days. The NRF is calling on the board to end the rule outright, or at least make significant modifications. Inside Sources
April 18, 2018 | TRADE AGREEMENTS | […] Most experts still deem it unlikely that all current CPTPP members will welcome the U.S. back with open arms, especially if the president makes tough demands. Last week, trade ministers from Australia, Japan and Malaysia made clear that they would welcome the U.S. joining the CPTPP, but that the U.S. should not expect substantial changes to be made. Second, while agricultural interests, farm-state members of Congress and some manufacturers are keen to rejoin the Asia-focused trade pact of Pacific nations, U.S. unions are not… The Hill
April 18, 2018 | STRIKES | The successful strike by teachers in West Virginia in March has kicked off a wave of organizing and walk-outs in other places, including Oklahoma, Arizona, and Kentucky. To appreciate the significance of this movement, it’s worth looking at the wave of attacks on teachers’ unions that swept the country starting back in 2010, as labor relations scholar Étienne Cantin did in a 2012 paper. When teachers’ unions rose up in the 1960s and ‘70s, using radical and often illegal techniques to gain recognition, they relied on the rest of the labor movement for support… daily.jstor.org
