By selling Berkshire Hathaway’s newspapers to Lee Enterprises, the world’s most successful investor is acknowledging the industry’s downhill slide is not near an end.
What was once expected to be $200 million in annual cost savings has now grown to $400 million or more. But how much blood is left to be drawn from this stone?
There seems to be some momentum among those with deep pockets to address the local news crisis. But if that money appears, where should it be directed?
Will his attempt to sideline investor Patrick Soon-Shiong lead to consolidated control, or will legal action push back? And did we ever figure out what a Tronc is, anyway?
Doctor, Ken. "Newsonomics: Michael Ferro’s creeping privatization of Tronc." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 24 Mar. 2017. Web. 25 Apr. 2024.
APA
Doctor, K. (2017, Mar. 24). Newsonomics: Michael Ferro’s creeping privatization of Tronc. Nieman Journalism Lab. Retrieved April 25, 2024, from https://www.niemanlab.org/2017/03/newsonomics-michael-ferros-creeping-privatization-of-tronc/
Chicago
Doctor, Ken. "Newsonomics: Michael Ferro’s creeping privatization of Tronc." Nieman Journalism Lab. Last modified March 24, 2017. Accessed April 25, 2024. https://www.niemanlab.org/2017/03/newsonomics-michael-ferros-creeping-privatization-of-tronc/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2017/03/newsonomics-michael-ferros-creeping-privatization-of-tronc/
| title = Newsonomics: Michael Ferro’s creeping privatization of Tronc
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 24 March 2017
| accessdate = 25 April 2024
| ref = {{harvid|Doctor|2017}}
}}
