Tronc Strategy of Selling Assets Applauded by Investors – Stock Up 26%
Tronc (NASDAQ:TRNC) announced the sale of its newspaper’s, the San Diego Union-Tribune and the Los Angeles Times, amongst other community-based papers for 500 million to its shareholder Patrick Soon-Shiong. TRNC stock soared almost 26% following ... [Read]
Tronc Acquires New York Daily News, Solidifies Top Position in Media Market
Tronc Inc. (NASDAQ:$TRNC), owner of the Chicago Tribune and Los Angeles Times newspapers, has solidified its position in the United States’ top media market by acquiring the New York Daily News from publishing mogul Mort ... [Read]
Chicago-based Media Company Tronc Inc. Fires Los Angeles Times’ Top Editors, Appoints Ross Levinsohn New Publisher and CEO
Tronc Inc. (NASDAQ:$TRNC), a Chicago-based newspaper and online media company, has just fired a number of the top editors of its flagship newspaper, the Los Angeles Times. On Monday, August 21st, Tronc’s CEO Justin C. ... [Read]
Time Inc. Announced Plans to Build Out Sports Illustrated into its Own Business
Hold onto your hats, ladies and gentlemen. Multinational mass media company Time Inc. (NYSE:$TIME) announced today that it will be turning its Sports Illustrated Swimsuit magazine brand into its own fully-developed business. The New York ... [Read]