• Today in Labor History
    Sept. 8, 1997
    Some 2,600 Bay Area Rapid Transit (BART) workers begin what is to be a successful six-day strike for higher pay and against a two-tier wage system. ~ DC Labor

  • Latest News

    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. 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

    Dec. 6, 2016  | …The postelection uptick in support for journalism has not been limited to nonprofit media; the newspaper conglomerate Tronc Inc. (formerly Tribune Publishing) and The New York Times, among others, have reported thousands of new subscribers since the election. But for the growing number of nonprofit journalism organizations, the moment may provide the kind of opening they have needed to take on a much larger role for a field that continues to face significant financial challenges and sinking public trust… nytimes.com

    Trif Alatzas named publisher amid Tribune shakeup
    Mar. 3, 2016  | Trif Alatzas publisher and editor-in-chief of The Baltimore Sun on Wednesday as part of a broader corporate reorganization designed to better capitalize on its journalism. The move to create editor/publisher roles, combining oversight of editorial and business operations at its newspapers, including The Los Angeles Times and Chicago Tribune, comes as Tribune Publishing’s newest investor seeks to turn around the company…. Alatzas, 49, is a Baltimore native who joined The Sun in 2002. baltimoresun.com
    Former Sun editor, John S. Carroll, dies at 73

    June 14, 2015 | John S. Carroll, former editor of The Baltimore Sun and The Los Angeles Times, died Sunday at his Lexington, Ky., home of a rare, non-treatable disease. Baltimore Sun obituary...

    Tribune Gets Ready to Make News Again

    June 20, 2014 | Since exiting bankruptcy in January 2013, Tribune hasn't gotten a lot of ink on Wall Street. Many investors still identify the media company with its out-of-favor newspaper assets, such as the Chicago Tribune. Despite nearly $8 billion in market value, Tribune's shares (ticker: TRBAA) trade over the counter, as if it were a risky penny stock. It's not. Continue reading at Barrons.com.

    Tribune Publishing Busy Trying Catch-Up

    Mar. 5, 2015 |  …In five months as a spun-off company, [Tribune Publishing CEO Jack] Griffin has greatly reshuffled his top team, with new publishers in three of the eight markets and several other high-level appointments... It will take another good six to 12 months to judge TPUB’s real progress… TPUB’s purchase of Maryland and suburban Chicago properties have already netted $5 million in increased earnings; expect $10-12 million in added earnings this year, due to those buys. TPUB’s got a bit of cash for more acquisitions, and as I reported Monday (“Tribune in final bidding for U-T San Diego”), it’s hot on the trail of a ninth metro property, U-T San Diego, at a likely purchase price of $85 to 90 million. Full story…

    Sept. 16, 2015 | The tom toms continue beating in Los Angeles where surrogated for philanthropist Eli Broad and deposed publisher Austin Beutner talk up the possible sale of the Los Angeles Times to a local ownership group. Continued...

    Nov. 16, 2015 | Roughly 500 Tribune Publishing employees have accepted buyout offers from the company as part of a sweeping plan to cut costs and restructure the organization for the digital media age. The buyouts equal 7% of its total workforce of around 7,300, reports Crain's Business Chicago. Continued...

    Dec. 3, 2015 | “Tribune Publishing remains committed to its strategy and transformation plan and is not engaged in discussions or a process to sell the company,” the newspaper group’s management said in an email to employees that was disclosed in a regulatory filing. The speculation about a possible sale was triggered Friday when Rupert Murdoch, the executive chairman of News Corp and 21st Century Fox, said on Twitter that there was “strong word” that Tribune Publishing was to be bought by a big Wall Street firm, with the Los Angeles Times being sold to a group led by California philanthropist Eli Broad. Wall Street Journal

    Dec. 16, 2015 | Company shares of Tribune Publishing Company dropped by 15.85% during the past week and dropped 5.28% in the last four weeks, according to News Watch International… The company shares have dropped -56.63% from its one-year high price, which occurred on Dec. 18, 2014, when shares were at $23.73…. Roughly 500 Tribune Publishing employees have accepted buyout offers from the company, equal to 7% of its total workforce of around 7,300… MediaPost

    Feb. 8, 2016 | Fresh from selling a health care software company for $1 billion, he's doubling down on media, paying $44 million for a 16.5 percent stake in Tribune Publishing, which owns the Chicago Tribune and 10 other daily newspapers. Ferro, 49, becomes chairman of Tribune Publishing and its largest shareholder, based on recent filings. He also steps back from day-to-day operations of Wrapports, the company that owns the Sun-Times. Tribune Publishing Chairman Eddy Hartenstein remains on the board. Tribune Publishing CEO Jack Griffin, meanwhile, retains his title. chicagobusiness.com

    Feb. 23, 2016 | Tribune Publishing has parted ways with its CEO Jack Griffin, I've learned. In a fast-moving turn of events, unusually quick by corporate standards, newly minted Tribune Publishing board chairman Michael Ferro has orchestrated Griffin's ouster – and directed the choice of his successor, Justin Dearborn. capitalnewyork.com More at nytimes.com.

    Tribune Publishing troubles may reach beyond accounting

    Apr. 6, 2016  | …  Tribune Publishing said earlier this week that it was firing its auditors, PricewaterhouseCoopers, and parting ways with its chief financial officer following disclosures in the past two years that the company had "material weaknesses" in its internal financial reporting … The ongoing trouble reflects poorly on management and the board's audit committee… chicagobusiness.com

    tronc shows its true colors in a tweet

    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

    Bainum, Wyss Make Fully Financed Bid for Tribune Publishing
    Apr 05, 2021
    April 4, 2021 Via The Wall Street Journal A Maryland hotel magnate and a Swiss billionaire have made a bid for Tribune Publishing Co. that the newspaper chain is expected to favor over a takeover deal it already struck with hedge fund Alden Global Capital LLC. A special committee of Tribune’s board has determined that a roughly $680 million, $18.

    Page Last Updated: Apr 05, 2021 (03:02:15)
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