September 23, 2016
Downtown’s Los Angeles Times.
Stories this photo appears in:
Los Angeles Times parent tronc Inc. ousted executive editor-in-chief and publisher Davan Maharaj, as well as several other top editors, on Monday.
The Los Angeles Times has no immediate plans to relocate operations after its historic downtown headquarters was sold nine months ago, despite media reports to the contrary, a spokeswoman for the newspaper said.
Tronc Inc., parent company of the Los Angeles Times and Chicago Tribune, released its first quarter earnings report Thursday, which detailed revenue losses in several categories compared to 2016.
Tronc Inc.’s second-largest shareholder slung another missive at the Chicago media company on Friday in a fast-escalating war of words over the future of its flagship newspaper, the Los Angeles Times.
Michael Ferro, chairman of L.A. Times owner tronc Inc., has purchased an additional 42,126 shares of stock in the company, according to a Nov. 28 filing with the Securities and Exchange Commission. The stock was acquired through Ferro’s investment vehicle, Merrick Venture Management Holdings, at an average cost of $12.93 a share for a total transaction of about $545,000.
MEDIA: Shares of tronc still up from Gannett bids while Times presses into future.
Los Angeles Times embarks on digital future as acquisition bid for parent tronc has yet to click.