Newsonomics: Inside Tronc’s Sale of the L.A. Times (and All The New Questions to Come)

Posted Wednesday, February 7, 2018 3:30 pm

Ken Doctor | Nieman Lab

Patrick Soon-Shiong has finally won his hometown prize.

After a number of years of trying to buy his local paper, Los Angeles’ richest billionaire has seized an unpredictable opportunity. In a move that’s shocking but not really surprising, 65-year-old Soon-Shiong will pay a chunk of his estimated $7 billion-plus fortune to finally split with his erstwhile partner in Troncdom, chairman Michael Ferro.

Comments

No comments on this item Please log in to comment by clicking here

Scroll the Latest Job Opportunities From The Media Job Board

E&P Exclusives

The Exchange: Bridging the racial wealth gap

With local news publications vanishing and cities becoming news deserts, changes may need to be made to avoid extinction. In some cases, collaboration with outside non-media entities could be a new lifeline. A project between Deloitte and nine Black-owned local publishers could start a new trend.

Society of Environmental Journalists: Strengthening coverage of the environment, energy, health and the climate

The Society of Environmental Journalists provides multiple support channels for those trying to tell the story of the changing climate. Current Executive Director Aparna Mukherjee says: “SEJ is here to make sure that we are putting resources into the hands of individual journalists and supporting the news outlets that are trying to do more with less.”

Read E&P Exlcusives

Latest (Proudly Printed) Magazine

#NewsPeople on the move

Michael Stutchbury resigns as editor-in-chief of the Australian Financial Review

The editor-in-chief of the Australian Financial Review, Michael Stutchbury, will step down after 13 years in the role, amid a shake-up at Nine Entertainment that will see 200 jobs cut across the media company.

VTDigger hires Neal Goswami as managing editor

Neal Goswami has reported for the Bennington Banner, the Vermont Press Bureau and WCAX-TV. He will run the nonprofit newsroom on a day-to-day basis.

See more NewsPeople

Latest E&P Sponsored Case Studies

How to Sell Digital Advertising in 30 Minutes

Hyperlocal news publisher and creator of Broadstreet Kenny Katzgrau teamed up with Montclair Local's Annette Batson to deliver a highly polished and tactical webinar on achieving same-day closes with digital advertisers.

These publishers are using digital signage to grow audience & revenue. (3 Case studies)

Watch this "E&P Reports" Sponsored Webinar revealing how these three news publishers are taking advantage of the new, growing, impactful media of digital signage, to reach new readers and drive new revenue.

Newsonomics: Inside Tronc’s Sale of the L.A. Times (and All The New Questions to Come)

Comments

Social media reacts to Peyton Manning, Kelly Clarkson on NBC's Paris opening ceremony coverage

NFL players want to modify media’s locker room access for privacy reasons

Opinion | Word in Black endorses Kamala Harris for president

News Media Corporation announces management agreement, buy option with Carpenter Media Group

The Exchange: Bridging the racial wealth gap

Society of Environmental Journalists: Strengthening coverage of the environment, energy, health and the climate

1970s redux: Finding a north star for today's public media

Producing a step-by-step guide to FOIA