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The move would combine the city's two largest newspapers should the deal secure Justice Department approval.
Combination would preserve Sun-Times independent voice, increase tronc's digital audience
Sinclair Broadcasting, known for its conservative politics, plans to acquire the WGN owner in a cash-and-stock transaction worth $43.50 per share, or $6.6 billion including debt.
The CEO of the cable network owner made either $37.2 million or $44.7 million in 2016, depending on what's counted, which is still down sharply from $156.1 million in 2014.
A deal between Sinclair and Tribune and a shift in FCC rules could spur action by CBS, Nexstar and others.
It's Season Two of the Tronc drama, but the real question is now acknowledged: who will own the Los Angeles Times?
While two Tronc directors engage in a power struggle for control of the newspaper publisher, jobs at legacy print publications plummet.
In an exchange of letters, Tronc squares off with its second-largest shareholder, Dr. Patrick Soon-Shiong of Nant Capital, disputing allegations of poor corporate governance.
Tronc's largest shareholder is concerned about the way the company is being governed.
Chairman Michael Ferro's decision to buy out Oaktree Capital sent the publisher's stock higher on Friday even as it begged the question whether other shareholders might want a similar deal.
Michael Ferro, chairman of the Los Angeles Times and Chicago Tribune publisher, moves to thwart a Soon-Shiong buyout of Tronc, as each amasses a quarter of all company shares.
The syndication of the Washington paper's digital publishing platform moves it beyond an 'experiment' as Michael Ferro's Tronc shifts its strategy.
Us Weekly was sold to American Media, publisher of National Enquirer, as Jann Wenner unwinds his company, six months after selling a 49% stake in Rolling Stone.
The publisher of the Chicago Tribune drops out at the last moment, leaving room for National Enquirer owner AMI to snatch the middle-market celebrity magazine for up to $100 million.
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Tronc is close to purchasing Us Weekly from Wenner Media, according to a report by TheStreet's Ken Doctor.
For a projected $85 million acquisition price, the newspaper company would get digital revenue -- and credibility, the chairman believes.
The New York Post media reporter Claire Atkinson tweeted that the two media firms are currently in talks.
The famed value investor offers an ominous forecast for U.S. newspapers, predicting that only The New York Times and The Wall Street Journal are likely to survive the digital revolution.
U.S. stock futures turn mixed Wednesday after breaking records again in the previous session and ahead of minutes from the Federal Reserve's meeting earlier in February.
Investors will be watching a newly hawkish Federal Reserve in the coming week.
It's not all about ad sales for legacy print publishers, as a jump in subscribers at WSJ.com shows.