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Gannett

Let us now praise a famous (and good) newspaper

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We’ve beat up on them before, but we have nothing but praise for the tenacious and relentless reporting of the Tallahassee Democrat as it digs into the percolating scandal surrounding the city’s Community Redevelopment Agency (CRA).  To recap, the FBI and U.S. Attorney’s Office in north Florida has issued subpoenas seeking information on redevelopment projects that involve the agency.  Among the two-dozen people or companies named in the subpoenas is Adam Corey, the lobbyist/developer behind The Edison and a former mayoral campaign treasurer to…

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Newspaper deal falls apart as Gannett gives up on Tronc

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USA Today publisher Gannett walked away Tuesday from its attempted takeover of Tronc, the owner of the Los Angeles Times, Chicago Tribune and other major dailies. Gannett’s target was elusive from the beginning, with a publicly contentious back-and-forth between the two companies. Tronc, formerly known as Tribune Publishing, rejected at least two bids from Gannett since April because it said it preferred to go it alone and focus on tech-driven initiatives involving artificial intelligence and global expansion in entertainment news…

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Putting a face on Gannett’s ‘2 percent workforce reduction’

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feral cats

Susan Ledford wasn’t an immediately recognizable name from the Tallahassee Democrat‘s newsroom. Unlike Gerald Ensley or Bill Cotterell, she didn’t ride on parade floats or get to be known by governors and lawmakers. But for nearly three decades, Ledford helped make the trains run on time, night after night. Ledford — who’s been a copy editor, page designer, production planner, and numerous other titles over her 28 years — was given the proverbial ax this week, just one casualty of Democrat owner Gannett Co.‘s decision to trim…

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Tribune adopts shareholder rights plan to fend off Gannett

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Fending off an unsolicited takeover by the owner of USA Today, Chicago’s Tribune Publishing has adopted shareholder rights plan, a so-called “poison pill.” Gannett offered to buy Tribune Publishing last month for $815 million. Tribune rejected the offer last week, saying the price was too low. The company owns the Los Angeles Times, Chicago Tribune and a number of other newspapers. The plan announced Monday allows existing shareholders to buy preferred stock if a person or group acquires at least…

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USA Today owner Gannett bids for Tribune Publishing

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Newspaper publisher Gannett said Monday that it wants to buy rival Tribune Publishing for more than $388 million, in a deal that would give the owner of USA Today control of the Los Angeles Times, the Chicago Tribune and several other newspapers. But Gannett said Monday that Tribune has refused to begin “constructive discussions” about a deal since it first offered to buy the company earlier this month. Tribune confirmed Monday that it received the unsolicited offer and said it…

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Senate passes abridged public corruption bill

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The Florida Senate passed a shorter alternative to an omnibus anti-corruption bill to tighten ethics standards and make it easier to prosecute corruption on Wednesday, amid a flurry of bill action. The proposal, HB 7071, passed on a 39-0 vote. The measure lowers a legal threshold for prosecution from “with corrupt intent” to “knowingly and intentionally” engaging in a corrupt act. Senate sponsor Sen. Don Gaetz had also introduced a more expansive version that would strengthen financial reporting requirements, add restrictions on private…

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Chris Christie on Donald Trump appearance: ‘I wasn’t being held hostage’

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Anyone worried that Republican Gov. Chris Christie was being held hostage by Donald Trump as he stood, seemingly shell-shocked, behind the GOP presidential front-runner on Super Tuesday can rest easy. “No, I wasn’t being held hostage. No, I wasn’t sitting up there thinking, ‘Oh, my God, what have I done?’” Christie said Thursday back home in New Jersey. “I don’t know what I was supposed to be doing. All these armchair psychiatrists should give it a break.” He said his…

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