It’s [another] end of an era in Chicago media. But this one particularly stings In a deal anticipated for months, New York City-based hedge fund Alden Global Capital announced Tuesday it has decided to acquire the 68 percent of Tribune Publishing they already didn’t own in a $630 million deal, giving them full control of the Chicago-based media company. In […]
Year marked by scandals, futility, and other things 2018 wasn’t exactly a repeat of the last two horrendous years in the media world, but scandals and deceit still ruled the roost. Though not topping 2017’s Disney-Fox deal, 2018 had some mega transactions – though the second-biggest merger of 2017 went bust as Sinclair Broadcasting’s $4 billion deal to buy Tribune […]
Company reverts back to Tribune Publishing One of the most stupidest names ever to grace a media company is finally gone. As speculated back in June, “tronc” is reverting back to the Tribune Publishing name after two years of criticism and ridicule. The change officially takes place October 9 at 3:15 p.m. local time in a decision announced Thursday. We […]
Named expected to change back to Tribune Publishing after sale of LA Times, Ferro departure One of the most ridiculous names in media history is heading into the history books after two years. In a move approved last month, the parent company of the Chicago Tribune is reverting back to Tribune Publishing, after a disastrous stint under the name “tronc”. […]
It looks like Michael W. Ferro is heading back to his home planet. In news which can only be construed as positive, major tronc shareholder Ferro announced Friday he was selling all his shares in the company to a newly formed trust with ties to the McCormick Family., descendants of Colonel Robert McCormick, who founded the paper in 1847. McCormick […]
Eliminates beat coverage in cost-cutting move This is something you’d expect in a much smaller market. But not in sports-crazy Chicago. But this is what we have here, and as first reported by Robert Feder Thursday, the Chicago Tribune announced it has cut beat reporters for the Chicago White Sox and Chicago Blackhawks, despite the recent success of the latter […]
He “retires” shortly before Fortune publishes a story about him sexually harassing two women In news shocking everyone, tronc chairman Michael Ferro resigned Monday morning and ceded control of the company to CEO Justin Dearborn. But later in the day, Fortune published an expose of Ferro – with two women accusing him of sexual harassment. The moves comes as tronc […]
Plus: L.A. Times, San Diego Union-Tribune sold; Mike Flannery gets his own Fox 32 news show; This week in Chicago bashing; White Sox snubbed again (Editor’s Note: Contains strong language. Reader discretion is advised.) The opening ceremonies of the 2018 Winter Olympics from South Korea dominated the ratings as expected for NBC, and even performed stronger than expected. According to […]
Mega company blocks newspaper from reviewing movie; report on Disney’s relationship with Anaheim to blame; ban reversed under pressure In a worrisome trend, Disney barred film critics at the Los Angeles Times from an advanced press screening of the Marvel movie Thor: Rangarok last week, setting off a huge firestorm. After film critics from other publications (New York Times, Washington Post, […]
Anthem protests, weak record doesn’t deter fans Also news on a former Bears star; NBC 5; FCC (Editor’s Note: An earlier draft of this post mistakenly featured a picture of Drew Brees for the first item. Apologies. -T.H.) While ratings for the NFL have declined nationally – allegedly due to anthem protests, that is not the case in Chicago – […]
(Editor’s Note: Updated from an earlier post.) Meet the man who saved the Sun-times – and perhaps journalism in Chicago. On Wednesday, former Chicago Alderman Edwin Eisendrath and a group of investors won out over Chicago Tribune owner tronc to buy the Chicago Sun-Times and the Chicago Reader from Wrapports for a disclosed price. Among the investors identified include the […]
Things are starting to get desperate at Wrapports. As reported by Crain’s Friday, the owner of the Sun-Times is giving a group led by former Alderman Edward Eisendath until today to submit a bid to buy the paper. If not, it would pursue a merger with tronc, as planned. If the Justice Department blocks the deal, Wrapports says it would […]
Chicago sports teams now have something in common with media companies – rebuilding when the good times end Chicagoans better get used to a word they’ve been hearing a lot: rebuild. Last week, two of Chicago’s sports franchises – the Bulls and Blackhawks announced changes that dramatically overhauled their lineups for next season. On the day of the NBA Draft, […]
Owners of Chicago Tribune considering bid to buy cash-strapped newspaper. It looks like the feared notion of Chicago becoming an one-paper town is about to come to fruition. On Monday, it was revealed Chicago Tribune owner tronc is pursuing a deal to buy Wrapports, the owners of the Chicago Sun-Times for an undisclosed amount. Should no buyers come forward by […]
Search for new CEO is underway Four years after he arrived, Peter Ligouri is heading toward the exit door. Ligouri told staffers at Tribune Media Wednesday he was leaving his post as CEO of the Chicago-based media group, effective March 1. Ligouri was recently named to Sony Corp.’s board as an advisor, but that’s not the reason why he’s leaving […]