Showing posts with label Tribune Publishing. Show all posts
Showing posts with label Tribune Publishing. Show all posts

Thursday, September 29, 2016

Stop the presses: Harridge pays $120M for 26-acre LA Times printing plant site


Details about the sale of the Olympic printing plant are finally coming out:

*The 26-acre site was sold for $120 million by Tribune Media.
*7 acres can be developed right away, possibly as grocery store with additional retail. (The zoning rules are unclear.)
*LAT's lease on the presses is good until 2023.
*Tronc/LAT pays about $4 million a year in rent.
*The printing plant staff opened with 1,500 staffers. Today, there are only 150.

Complete article can be viewed at The Real Deal

Thursday, February 04, 2016

Tribune Publishing Company Announces $44.4 Million Private Placement Transaction



Michael W. Ferro, Jr. Appointed Non-Executive Chairman Of Tribune Publishing Board Of Directors

Highlights:

            Investment to support Tribune Publishing’s ongoing strategic plan, including        acquisitions and digital initiatives

Board of Directors appoints Michael W. Ferro, Jr. as Director and Non-Executive Chairman of the Board of Directors

Eddy W. Hartenstein, former Non-Executive Chairman, remains on the Tribune Publishing Board of Directors

Company provides financial updates

Preliminary 2015 Company Revenues expected to be in a range of $1.66 billion to $1.67 billion

Full-year preliminary 2015 Adjusted EBITDA expected to be $154 million to $157 million

Company ended fiscal year 2015 with $41 million of cash

         Board of Directors suspends quarterly cash dividend

CHICAGO--(BUSINESS WIRE)--
Tribune Publishing Company (TPUB) today announced it has completed a $44.4 million private placement transaction with Merrick Media, LLC that will enhance the Company’s position for pursuing strategic acquisitions and digital initiatives. Michael W. Ferro, Jr., Chairman and CEO of Merrick Media, joins the Tribune Publishing Board of Directors as Non-Executive Chairman.
Eddy W. Hartenstein, who has served as Non-Executive Chairman of Tribune Publishing since its spin-off from Tribune Media Company in August 2014, remains on the Tribune Publishing Board of Directors.
Commenting on the $44.4 million private placement transaction, Tribune Publishing Chief Executive Officer Jack Griffin said, “This transaction supports key elements of our ongoing strategic plan and provides our Company with additional capital to accelerate our growth strategies. We continue to evaluate growth opportunities where we can achieve measurable, value-enhancing synergies that drive financial contribution and maximize shareholder value.”
Eddy Hartenstein commented, “We are pleased to have Michael Ferro join our Board. He is a proven value creator, and his strong entrepreneurial business acumen enhances our ability to execute our strategic plan and grow the Company.”
Michael Ferro said, “I am excited to be working with the Company’s award-winning brands. I see tremendous upside to create value and put Tribune Publishing at the forefront of technology and content to benefit journalists and shareholders.”
Entire article

Thursday, December 03, 2015

Rupert Murdoch Leaking Tweets

Rupert Murdoch is a multi-billionaire media mogul whose influence is known to swing elections. But, on Friday Murdoch tweeted out, for unknown reasons, that he had heard the Tribune Publishing Company could be bought by a "big Wall Street firm" and that the Los Angeles Times could be bought by a philanthropist. The Tribune Company, which owns more than a dozen newspapers including the Chicago Tribune, Los Angeles Times and the Baltimore Sun has been struggling financially. Murdoch's tweet may be nothing more than sour grapes. Last year he had been rumored to bidding for the company, an idea he put to rest by tweeting that U.S. ownership laws prevented him from buying up the newspaper group.

It could also just be trolling a rival. The Tribune Company, which owns more than a dozen newspapers including the Chicago Tribune, Los Angeles Times, Orlando Sentinel, and the Baltimore


Tuesday, September 22, 2015

Los Angeles Times plan to reinvent the newsroom

From: Maharaj, Davan 
Sent: Tuesday, September 22, 2015 12:22 PM
To: yyeditall
Subject: Moving forward

Comrades,

Over the last several years, our newsroom has embraced change -- a lot of it. The ways that our readers learn about their communities, this state and the world continue to change even faster. To stay vital to their lives, we need to accelerate our evolution.

Over the next couple of months, we will begin organizing our newsroom to meet that challenge, drawing upon discussions and strategy sessions that have been ongoing since early this year.

Our goal is to build a newsroom around the needs of our audience. We must recognize that they are mobile, diverse and voracious consumers. That means being faster and more flexible in making coverage decisions. That means publishing news in real time and employing varied forms of storytelling, including narrative, analysis, video, photography and graphics. That means recruiting everyone, not only newcomers to the newsroom but also our best and most experienced reporters and editors, in putting our work online when readers are looking for it.

Organizing ourselves for the online world also means realizing that nearly all the world’s journalism, the stories we read every day, are available through a variety of news outlets and accessible to readers with merely a click. That’s a liberating fact. By selecting the stories we must be competitive on, we will be free to use our resources for work that is original, high quality and focused on the interests and needs of California and its communities.

Here’s what will not change: Our commitment to accountability journalism, our determination to be the preeminent source of news for and about California, our ambition to meet the highest standards of quality, accuracy and fairness, and our goal of making readers smarter, better informed citizens.

Here’s what we must leave behind: Stories that have no public-service purpose, routine news stories that merely duplicate work that is available elsewhere -- and publishing practices that no longer serve an increasingly digital audience.

Yes, we have seen a lot of change, and we continue to have one of the country’s great news organizations. Maintaining our tradition and securing our future require meeting these goals with a sense of urgency and determination.

Over the next few days, we will announce changes in how we deploy personnel, schedule stories and plan coverage. I am keenly aware of, and deeply grateful for, how much everyone has done to make this a 24/7 operation. Now we need your help more than ever.

--Davan

Sunday, September 20, 2015

Problems at the Los Angeles Times last night

Due too problems with the printing plates last night your newspaper will be a little late this morning.

After ending an eighteen years run as a subscriber to the Los Angeles Times, I was unaware of today's delivery issue, which was brought to my attention by another former employee.

So don't bother calling the Philippines to report a missing newspaper, it will arrive eventually.

Tuesday, March 24, 2015

Bill Blank Rest in Peace

Bill Blank (left) and William Horton


Received the sad news that former Los Angeles Times pressman Bill Blank has passed away. In all my years working along side Bill, I never once saw him angry or upset, he was a happy go lucky type that always gave others a big smile.

From Richard Verdugo AKA Dugie;

"Hey Jaime, 
I got a call from Bill's wife, Carol; She told me that Bill passed away Monday. He had been fighting cancer for a few months and he finally gave in. She is not having anything special for the funeral nor is she sending out invites. This time wiith Bill will spent with the immediate family. She tells me that a funeral was something that Bill was was totally against. So, Carol asked to to notify his friends and all those that worked with him. I figured with your contacts that if you could do me the favor to spread the word. He was my friend and I'm going to miss him.
 
 Take Care Jaime
 
 Dugie"

From Emmett Jaime;

"To all that remember Bill Blank.I received this e-mail from Richard Verdugo of Bills passing.Bill was one of the nicest guys you would want to meet and work with,he will be truly missed.Bill came to our breakfasts a couple of times but had to stop because of his illness,I'm only sorry he couldn't attend any more.
I remember the days when we used to get together out in the desert above Victorville to go dirt bike riding,he loved the sport and always had a smile on his face when he was on his bike.
The address I have for his family is as followed if you care to send a condolence card."




Friday, March 20, 2015

LA Times hires Mitra Kalita from Quartz as Managing Editor for Editorial

From: "Maharaj, Davan"
Date: March 18, 2015 at 10:16:39 AM PDT
To: yyeditall
Subject: LA Times hires Mitra Kalita from Quartz, expands newsroom leadership
To the staff:
The news environment and the needs of readers are changing more rapidly than at any time in the history of our industry. The Los Angeles Times should do more than keep pace with that change; we must strive to lead it.
To that end, we are expanding the newsroom leadership and announcing an important new hire. These moves continue our efforts to create a newsroom of the future that can innovate even as we deliver robust digital and print coverage for our readers.
The newest member of our leadership team is S. Mitra Kalita. A creative force behind the business news site Quartz, with a background in traditional journalism as well, Mitra will join The Times as managing editor for editorial strategy. She will focus on helping us remake how the newsroom works and on creating new forms of journalism.
Mitra, who will report to Davan, will be one of three managing editors in the new structure. Marc Duvoisin, as managing editor for news, will continue to be the senior editor overseeing news and enterprise coverage, a job he has done with great skill. Larry Ingrassia, currently associate editor, will become managing editor for new ventures, focusing on developing editorial products with revenue potential.
Deputy managing editor Megan Garvey, our leading digital practitioner, will also play a key role in our broader digital transformation while running all aspects of our daily digital news report.
All of us will coordinate with our colleagues on the business side as we develop new journalism efforts and offerings that strengthen us commercially. Our common mission is to maintain the editorial excellence and integrity of all we do.
The new structure is aimed at helping us build on the progress we have made by picking up the pace of change in what we do and how we do it.
Mitra will work to develop and refine new styles of journalism similar to those she helped pioneer at Quartz. Launched in 2012, Quartz is known for its lively mix of news and analysis, its Daily Brief of worldwide business news, its creative use of social media and its focus on “obsessions” of special interest to its readers rather than traditional beats. Mitra will also lead newsroom efforts as part of an enhanced effort at audience acquisition -- bringing more people to see our terrific journalism and finding new communities of readers.
Mitra has a notable record in high-quality journalism. At the Wall Street Journal, she oversaw coverage of the Great Recession, launched a local news section for New York City and reported on the housing crisis as a senior writer. In 2007, she was part of the team that created Mint, a business newspaper and website in India launched in collaboration with the Journal that has become that country’s second-largest circulated business newspaper. Before that, she worked for the Washington Post, Newsday and the Associated Press.
At Quartz, part of the Atlantic Media family, Mitra was ideas editor and, more recently, executive editor (at large). She was behind some of the site’s most viral stories, on subjects as varied as monetary policy and baby blankets, and the force behind Quartz India and the upcoming Quartz Africa. She is the author of three books related to migration and globalization and has taught at Columbia Journalism School, among other institutions. She has won numerous reporting awards and was named one of Folio’s Top 100 Women in Media for 2014.
Mitra was born in Brooklyn, N.Y., and raised in Long Island, Puerto Rico and New Jersey -- with regular trips to her grandparents’ villages in Assam, India. She speaks Spanish, Assamese and Hindi and studied Mandarin for a year. She lives in Queens, N.Y., with her artist husband and two daughters. She tweets @mitrakalita.
Please join us in welcoming Mitra to Los Angeles and The Times.
-- Austin and Davan

Tuesday, March 03, 2015

Meet Tom Daley - Contractor Accuses Los Angeles Times of Padding Circulation

Tom Daley

Tom Daley

President and CEO at Daley Technology Systems, LLC
Greater Los Angeles Area
Internet
Current
  1. Joe Barter/Joe Media Pro
  2. Daley Technology Systems, LLC
Previous
  1. Los Angeles Times
  2. Los Angeles District Attorney's Office
Education
  1. California State University-Fullerton
Recommendations2 people have recommended Tom
Websites
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Background

Summary

Project Management, Business Development & Consulting, Finance, Marketing & Sales

Experience

Founder & CEO

Joe Barter/Joe Media Pro
 – Present (8 years 10 months)

President/CEO

Daley Technology Systems, LLC
 – Present (16 years 8 months)

Business Development Manager

Los Angeles Times
 –  (8 years 10 months)

Media Relations Liaison-SPW

Los Angeles District Attorney's Office
 –  (2 years 4 months)

Skills

  • Strategic Partnerships
  • Digital Media
  • Lead Generation
  • Media Buying
  • New Media
  • Entrepreneurship
  • Business Development
  • Online Advertising
  • SEM
  • Marketing
  • Mobile Marketing
  • Social Media Marketing
  • Social Media
  • Project Management
  • Advertising Sales
  • See 35+ 

Education

B.A.-Journalism-University of La Verne

Bachelor's, Communications-Journalism/P.R.