Real Estate
Former Tronc chief executive Justin Dearborn has paid $4 million for a Gus Duffy-designed home in the Hollywood Hills.
Business
Tronc announced has agreed to recognize the Chicago Tribune Guild, the first newsroom union in the newspaper’s 171-year history.
Tronc Inc. has acquired the Virginian-Pilot newspaper from Landmark Media Enterprises for $34 million, the Chicago-based newspaper chain announced Tuesday.
A second firm is in talks to potentially acquire Chicago-based newspaper chain Tronc.
Travel & Experiences
Justin Dearborn, chief executive officer of publishing company Tronc Inc., has lowered the price on his Naples, Fla., home to $409,900, down from $419,000.
Michael Ferro retired from the board of Tronc Inc. on Monday, ahead of the newspaper chain’s $500-million sale of the Los Angeles Times and other California assets and hours before sexual misconduct allegations against him were made public.
Former Los Angeles Times Editor in Chief Lewis D’Vorkin was fired by Tronc Inc. on Thursday and several dozen other employees of the company were laid off.
Michael Ferro, who resigned last month as chairman of Chicago-based newspaper chain Tronc, has struck a deal to sell his entire stake in the company, according to a filing with the Securities and Exchange Commission late Friday.
One thing is becoming clear in the escalating fight between Los Angeles billionaire Patrick Soon-Shiong and Tronc Chairman Michael Ferro: The newspaper company’s largest publication — the Los Angeles Times — is at the heart of their dispute.