TrendingToday. The Chicago Tribune is making a move to separate its news reporting and opinion columns in its print edition, and it’s causing a strong reaction among readers. “The economic downturn opened the door for them to to gut us despite our union protections.”The union alleged that the company wants “to furlough half of the Tribune’s features and sports departments, plus an unspecified number of photographers for three straight months.”Tribune, which owns the New York Daily News, the Baltimore Sun, the Hartford Courant and the Orlando Sentinel among other papers, made two rounds of At the time the first round of cuts was revealed, CEO Terry Jimenez said negotiations would commence with the News Guild unions in Chicago, Baltimore, Hartford and elsewhere.That followed pre-coronavirus voluntary buyouts that took place in February.The push for deeper cuts comes as the Tribune’s board appears ready to pay out another multimillion dollar dividend to its stockholders — unlike Gannett, which announced it was suspending its quarterly dividend on the day it announced Newsrooms across the Tribune chain are worried because Alden, which already owns 32 percent of the stock, can start accumulating more shares when a standstill agreement expires on June 30.
ExploreOur Brands. We are just two weeks away from the trigger date for the majority of Tribune Publishing to be put into play. Adele is unrecognizable as she praises Beyoncé's 'Black is King''Back to the Future' star backs claims of 'mean' Ellen behaviorMan who lost penis to infection has a bigger one built for him —...Obama's half-brother rips 'cold and ruthless' ex-presidentLast dance?
Tribune Publishing is a media company rooted in award-winning journalism. The Chicago Tribune Freedom Center, where the newspaper and others are printed. The shareholder rights agreement, filed Tuesday with the Securities and Exchange Commission, creates one share of preferred stock for each outstanding share of common stock as of Aug. 7. The plan expires July 27, 2021. Job Listings; Work/Life at Tribune Media; Our Benefits; Jobseeker Help ; Equal Opportunity Policy / 3 / 3. Tribune Publishing, then known as Tronc, adopted a similar shareholder rights plan in 2016 to fend off unsolicited and ultimately unsuccessful takeover bids by rival newspaper chain Gannett. Tribune Publishing a media company rooted in award-winning journalism.
This process is automatic. The Alden standstill agreement expires after Tribune Publishing’s next annual shareholder meeting, which can take place no later than June 15, 2021. The company's portfolio includes the Chicago Tribune, the New York Daily News, The Baltimore Sun, the Orlando Sentinel, South Florida's Sun-Sentinel, the Hartford Courant, additional titles in Pennsylvania and Virginia, syndication operations, and websites. It also publishes several local newspapers in its metropolitan regions, which are organized in subsidiary group… This week, the paper announced it would move columnists to a dedicated section away from news articles. A wall of the Chicago Tribune newsroom is seen June 12, 2018, at One Prudential Plaza in Chicago. Email Alerts; RSS Feeds; SEC Filings; Tribune v. Sinclair; Careers. The speculation is that Alden will try to assume majority control by purchasing the stake held by Patrick Soon-Shiong, the second largest shareholder, with just under 25 percent of the stock.Soon-Shiong, an LA-based health care billionaire, would seem to have diminishing interest in Tribune after his $500 million acquisition from Tribune of the Elsewhere in the Tribune empire, the News Guild chapter in Baltimore is trying to team up with two local nonprofits to buy the paper: The nonprofits include the Abell Foundation, formed by the family that owned the Sun from 1837 until its sale to the old Times Mirror Company in 1986 to the Goldseeker Foundation. The Tribune Publishing board adopted a so-called “poison pill” plan Monday to thwart any potential hostile takeover of the company. Ellen reportedly wants to end her talk showAdele is unrecognizable as she praises Beyoncé's 'Black is King''Back to the Future' star backs claims of 'mean' Ellen behaviorFrench prosecutors want to reopen Gérard Depardieu rape probeFrench prosecutors want to reopen Gérard Depardieu rape probeEllen DeGeneres is not quitting her show, executive producers sayEllen DeGeneres is not quitting her show, executive producers sayThe best star snaps of the week: Lupita Nyong’o, Adam Sandler and moreThe best star snaps of the week: Lupita Nyong’o, Adam Sandler and moreHeather Locklear Claims ‘First Wives Club’ Co-Star “Outlined Her Areola” On SetHeather Locklear Claims ‘First Wives Club’ Co-Star “Outlined Her Areola” On Set
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