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"The owner of the Los Angeles Times has a new name and a newly elected board, but it’s still dealing with some old business: A shareholder has sued the company, while spurned suitor Gannett Co. said it might continue its push for a buyout. Page 1 of 2", www.sandiegouniontribune.com
"The renaming is so far the only tangible change following a shareholder vote earlier Thursday that ratified Tribune's slate of directors, although the company hasn't yet released official results. Gannett seized on the symbolic vote as a way for shareholders to signify approval for its takeover bid, hoping that a lackluster result could pressure Ferro into a deal. Bruce Goldfarb, the president of Okapi Partners, a proxy solicitation and advisory firm not involved with the bid, said that many investors vote ahead of time, likely giving Gannett 'a pretty good sense' of the numbers. Tribune has been doing its best to hold off Gannett , adopting a shareholder rights plan meant to make a takeover more difficult and bringing in a new big investor, Dr. Patrick Soon-Shiong, as an ally in its ambitious transformation project. [...] Tribune, with a chairman and CEO that just came on board this year, has its own plan to make the Los Angeles Times a global brand and use", www.sfchronicle.com
"In one of the more questionable corporate rebrandings in recent memory, Tribune Publishing said Thursday it is changing its name to tronc — yes, with a small “t.” The 168-year-old publisher of the Los Angeles Times and the Chicago Tribune said the name is short for “Tribune online content.” “Our industry requires an innovative approach and a fundamentally different way of operating,” Chairman Michael Ferro said in a statement. Instantly, Tribune became the laughingstock of Twitter. “Congrats, Tribune, for abandoning one of America’s great corporate names to sound more like a Patriots tight end,” tweeted Daniel Fienberg, TV critic for the Hollywood Reporter. Linda Holmes @nprmonkeysee tweeted: “Tronc Tronc is how Law and Order starts right?” Tribune is still busy fending off a takeover by Gannett, which now has another reason to walk away from the deal. A majority of Tribune shareholders on", nypost.com
"Tribune Publishing says shareholders have elected the company's board, but hasn't released full results of the vote yet. Gannett, which has offered $864 million for the newspaper publisher, says the vote will help determine whether it continues its bid.", www.sandiegouniontribune.com
"Tribune Publishing said shareholders voted, as expected, to re-elect the company’s board nominees at its annual meeting Thursday. But the publisher didn’t give the breakdown of the vote, giving no indication of how much support Gannett garnered for its “withhold” campaign.", www.wsj.com
"Gannett Co Inc (GCI.N) is waiting for Tribune Publishing Co's TPUB.N. shareholders to vote on the company's board director nominees later on Thursday before making any decision about dropping its bid, a person familiar with the matter said.", in.reuters.com
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