Newsonomics: Tronc’s selling, and buying, and just generally shapeshifting

Tronc is getting smaller. Tronc is getting bigger. And some say Tronc may not be Tronc all that much longer. Welcome to the odd world of newspaper economics. The question of who owns daily newspapers, especially chains, has moved to the forefront this year, as Alden Global Capital’s grip on The Denver Post has caused an unprecedented uproar. Change, of course, is nothing new to Tronc. Born under some astrological sign of chaos two years ago, a morphed iteration of Tribune Publishing, the company is now looking at what would be its most significant changes yet — which could come as soon as in the next several weeks. In that time period, we’ll likely see Patrick Soon-Shiong, the one-time Tronc vice chairman, finally close on his nearly $600 million buy of the Los Angeles Times and San Diego Union-Tribune. Expect that news — if all continues to go smoothly — Continue reading "Newsonomics: Tronc’s selling, and buying, and just generally shapeshifting"