June 2, 2016
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Tronc Inc., parent company of the Los Angeles Times and Chicago Tribune, saw revenue fall 8.6 percent in the second quarter of 2017 compared to the same period last year, according to the company’s earnings report for the three months ended July 25.
Oaktree Capital Management, the third-largest shareholder in Los Angeles Times’ parent tronc Inc., is selling its holdings back to tronc in a $56 million deal, according to documents filed Thursday with the Securities and Exchange Commission.
Gannett Co.’s interest in Los Angeles Times parent company tronc hit a major snag Thursday as a news report said lenders have withdrawn their financing.
The long-awaited end to the tronc-Gannett saga might be near. Then again, it might not be. The possibility of the announcement of a deal on Monday for Gannett, the newspaper chain and publisher of USA Today and other dailies, to purchase Los Angeles Times parent tronc was first reported by Politico on Sunday.
PUBLISHING: Switch by Tribune to Tronc raises some analysts’ eyebrows.
Los Angeles Times parent Tribune Publishing Co. officially will change its name to Tronc on June 20 and start trading on the Nasdaq that same day as “TRNC.”
Gannett Co.’s quest to purchase beleaguered Los Angeles Times owner Tribune Publishing has now reached the courts.