Tribune newspapers puts newspaper editors in charge of the money
March 2, 2016 - Uncategorized
Tribune Publishing’s new chairman pressed ahead Wednesday with his rapid reshuffling of leadership ranks at the Los Angeles Times, Chicago Tribune and its other major U.S. newspapers, combining the roles of editors and publishers and declaring an ambition to build “the largest global audience on all mediums.”
The reorganization comes about a month after Chicago investor and technology entrepreneur Michael W. Ferro Jr. took over as non-executive chairman upon delivering a $44.4 million cash infusion to Tribune Publishing. Ferro also owned a stake in crosstown rival Chicago Sun-Times.
On Wednesday, the Tribune said that Ferro would donate that stake to a charitable trust to avoid any appearance of a conflict of interest. Read more…