Let’s kick off the week with some deal talk. Last week we touched on Apollo’s (APO) potential buyout of Arconic (ARNC) and if completed, it would just be another example of spinoff/parent company being taken out. Once the separation announcement is made or even the ‘strategic alternatives’ one, the market knows that a sale is possible. In that vein,… Read More »
In the latest episode of Tribune Publishing’s(TPCO) long running drama, the company formerly known as Tronc has rejected a $16.50 bid from McClatchy(MNI), Bloomberg reports. After ending its conflict with shareholder Patrick Soon-Shiong by selling him the Los Angeles Times in June for $500 million, the company, mercifully, changed its name back to Tribune Publishing in October. Tribune Publishing… Read More »
In discussing what became Tronc’s(TRNC) failed bid for Us Weekly, we mentioned that LA billionaire and Tronc Vice Chairman Dr. Patrick Soon-Shiong was not being renominated to Tronc’s Board. At the time we speculated as to why this was and whether it signified a rift between former allies Soon-Shiong and Tronc Chairman Michael Ferro, Jr. Subsequent event have… Read More »
Somehow, we never got around to talking about one of the worst names for a spinoff that we can recall. Of course, we are talking about tronc(TRNC). Tribune Media(TRCO) spun it off as Tribune Publishing, but, after Michael Ferro took over, it changed its name to tronc, which sounds like the name of a reptilian villain that… Read More »