Tronc

Poynter Results

  • Business

    Article

    Norfolk's Virginian-Pilot sold to Tronc for $34 million

    Another independent paper, the 153-year-old Virginian-Pilot, has been sold as its owners say they cannot manage digital transition and the financial challenges of declining advertising without the scale of a large chain.

    The buyer, for $34 million, is Tronc, whose holdings include the Chicago Tribune, Baltimore Sun and the nearby Daily Press of Newport News. The change in ownership, announced this morning, is effective immediately.

  • Innovation

    Article

    Tronc, late to the game, is doing a massive digital remake of its newsrooms

    Journalists at Tronc’s eight local newsrooms learned the day before Valentine’s that the company is launching big plans to get its editors and reporters pivoting to digital.

    In a three-page, all-hands memo, Tronc president Tim Knight shared a vision of that company’s future and a host of coming changes.

  • Business

    Article

    Two new bids for Chicago Sun-Times as latest deadline passes

    While President Trump feuds with his Attorney General over a travel ban and the Russia investigation, he's likely unaware of a less fractious Justice Department matter: approving a sale of the Chicago Sun-Times.

    The latest deadline for bids to buy the financially pressed tabloid passed Monday. There are at least two apparent new bids in addition to a previous one from its longtime rival Chicago Tribune, according to a source familiar with the process.

  • Business

    Article

    Justice Department extends bid period for Chicago Sun-Times

    The Justice Department has extended until Monday the period for possible bids for the Chicago Sun-Times amid what appears to be interest by one or more parties.

    In a note to staff early Wednesday, Publisher-Editor Jim Kirk updated his staff in a note that implied that there's been some interest displayed since the government essentially ordered the paper to run an ad soliciting bids.

  • Business

    Article

    Sun-Times runs front-page ad announcing it's for sale

    The long-proud Chicago Sun-Times takes the newspaper industry's stunning decline to a frustrating low this morning: It runs an ad for its own sale.

    Wrapped around the front page is a letter to readers from publisher-editor Jim Kirk that it's looking for new ownership to keep "the Sun-Times publishing as an independent news source for Chicago."

  • Business

    Article

    Tronc makes expected move to buy Chicago Sun-Times as Department of Justice launches antitrust probe

    Seeking to make virtue out of totally predictable and painful necessity, the parent of The Chicago Tribune is seeking to buy its longtime tabloid rival, The Chicago Sun-Times.

    The two papers already have a joint printing and distribution agreement and will now enter into a merger discussion that would theoretically maintain them as separate entities.

  • Business

    Article

    Layoffs hit Tronc's San Diego Union-Tribune

    Seven journalists were laid off from the San Diego Union-Tribune on Tuesday, editor and publisher Jeff Light said in a memo to staffers.

    "I feel badly about these difficult decisions," Light said. "Everyone we are saying goodbye to is a dedicated journalist and a valued colleague. Some have spent decades at the U-T."

    "In an organization of our size, it is a small number," he continued. "But that does not lessen the sense of loss everyone in our newsroom will feel today."

 
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