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Articles tagged Tribune (47)

Despite denials, don’t be surprised if control passes from billionaire Patrick Soon-Shiong sometimes soon. But it’s not necessarily bad news.
Cerberus Capital Management is entrenched in the military industrial complex and its company trained a journalist’s assassins. It also made possible the takeover of Tribune Publishing.
The vulture fund may be just fine with waiting a bit longer to make its next move to consolidate the local newspaper industry. Meanwhile, newsrooms wait.
The news industry’s own Doctor Octopus has stuck its tentacles deep into another newspaper chain — and it’s unlikely to be dislodged anytime soon.
“We are animated by a serious concern for the future of journalism as a public good and a valuable commodity.”
Astonishingly, history might argue that Sam Zell was only the third-worst owner in recent Tribune history.
A combined company would own 1 of every 6 daily newspapers in America — and a little more breathing room. But eventually, there has to be a plan beyond just getting bigger.
This hostile takeover didn’t work out. But the thinking of industry executives remains dominated by the inevitable merging of America’s big newspaper chains.
Newspaper company CEOs will be the first to tell you a new round of consolidation won’t solve their problems. But it might give them another year or two of breathing room.