It’s a few years behind its East Coast brethren in New York and Washington. But tens of millions in new investment and ambitious digital plans are showing a path back to its former prominence — and beyond.
One’s a family-controlled, century-plus-old newspaper chain, known for believing in its civic mission but not for its digital strategy. The other is, well, Tronc. With an assist from L.A.’s richest man, could this be a path forward?
Rupert Murdoch owning the New York Daily News? A McCormick controlling the Chicago Tribune again? The L.A. Times pulling a Washington Post, aiming to run the industry’s underlying infrastructure? A lot of change is coming soon.
“If the Post is like Amazon, happy to sell individual slices of its vertically integrated whole, the Times is perhaps more like Apple, bringing its ethos and voice to a more diverse array of products.”
What will happen to the price of Tronc shares as investors, a good number of speculators among them, assess the post-L.A. Times value of a major daily newspaper chain effectively halved in the deal?
For a company that’s known little but chaos in its short life, the degree of uncertainty is now as high as ever. Just about the only thing we know: Tronc execs will come out well in the end.
Doctor, Ken. "Newsonomics: The news world will miss Michael Ferro." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 16 Apr. 2018. Web. 16 Dec. 2024.
APA
Doctor, K. (2018, Apr. 16). Newsonomics: The news world will miss Michael Ferro. Nieman Journalism Lab. Retrieved December 16, 2024, from https://www.niemanlab.org/2018/04/newsonomics-the-news-world-will-miss-michael-ferro/
Chicago
Doctor, Ken. "Newsonomics: The news world will miss Michael Ferro." Nieman Journalism Lab. Last modified April 16, 2018. Accessed December 16, 2024. https://www.niemanlab.org/2018/04/newsonomics-the-news-world-will-miss-michael-ferro/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2018/04/newsonomics-the-news-world-will-miss-michael-ferro/
| title = Newsonomics: The news world will miss Michael Ferro
| last = Doctor
| first = Ken
| work = [[Nieman Journalism Lab]]
| date = 16 April 2018
| accessdate = 16 December 2024
| ref = {{harvid|Doctor|2018}}
}}