Tribune Publishing’s Chairman Michael Ferro says ‘We’re not for sale’
Submitted by Kunal Garg on Fri, 05/06/2016 - 09:56
Last month Gannett, the publisher of USA Today made a takeover offer for Tribune Publishing offering it $12.25 a share. The deal included $390 million in debt and was an all-cash deal that Tribune rejected.
Chairman of the Gannett Board of Directors, John Jeffry Louis, said that the rejection by Tribune confirms their board "never intended to engage with us."
Tribune Publishing; Done with Management Changes and Announced a Weak Earnings Call
Submitted by Apoorva Prasad on Thu, 03/03/2016 - 05:55
Tribune Publishing has been making alterations at the executive level and after its earnings call with analysts on Wednesday, a question still remained unanswered; when and how does the company plan to translate its new strategy into profitability?
Tribune Publishing Co’s Shares Drop; Company says Michael Ferro will be its Non-executive Chairman
Submitted by Praneet Kessani on Fri, 02/05/2016 - 09:30
Shares of Tribune Publishing Co which owns the Los Angeles Times and Chicago Tribune dropped considerably following the suspension of dividend. It also said that entrepreneur Michael Ferro has become its non-executive chairman and its biggest shareholder with a $44.4 million investment.
On Thursday, the company said, Michael Ferro bought 5.22 million of the company's newly issued share which equals to a 16.6 percent stake.
