In an industry where expense reduction is the prime strategy, much more consolidation is likely on the way. Little regulation prevents it, and the financials all favor it.
Rupert Murdoch owning the New York Daily News? A McCormick controlling the Chicago Tribune again? The L.A. Times pulling a Washington Post, aiming to run the industry’s underlying infrastructure? A lot of change is coming soon.
For a company that’s known little but chaos in its short life, the degree of uncertainty is now as high as ever. Just about the only thing we know: Tronc execs will come out well in the end.
Even without the L.A. Times, it still controls a lot of important newspapers. Will it sell them to Gannett, Murdoch, local individuals in each city — or to yet another private equity firm looking to strip papers for parts?
Tronc is getting a big premium for its flagship asset, and the Times is getting a return to private, local ownership. But a lot of questions remain about where Patrick Soon-Shiong will take his new prize.
Doctor, Ken. "Newsonomics: Inside Tronc’s sale of the L.A. Times (and all the new questions to come)." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 7 Feb. 2018. Web. 25 Apr. 2024.
APA
Doctor, K. (2018, Feb. 7). Newsonomics: Inside Tronc’s sale of the L.A. Times (and all the new questions to come). Nieman Journalism Lab. Retrieved April 25, 2024, from https://www.niemanlab.org/2018/02/newsonomics-inside-troncs-sale-of-the-l-a-times-and-all-the-new-questions-to-come/
Chicago
Doctor, Ken. "Newsonomics: Inside Tronc’s sale of the L.A. Times (and all the new questions to come)." Nieman Journalism Lab. Last modified February 7, 2018. Accessed April 25, 2024. https://www.niemanlab.org/2018/02/newsonomics-inside-troncs-sale-of-the-l-a-times-and-all-the-new-questions-to-come/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2018/02/newsonomics-inside-troncs-sale-of-the-l-a-times-and-all-the-new-questions-to-come/
| title = Newsonomics: Inside Tronc’s sale of the L.A. Times (and all the new questions to come)
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 7 February 2018
| accessdate = 25 April 2024
| ref = {{harvid|Doctor|2018}}
}}
