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“#All eyes on billionaire Patrick Soon-Shiong as battle for Tribune heats up” As the battle to buy New York Daily News publisher Tribune Publishing heats up, the pressure is expected to mount for Dr. Patrick Soon-Shiong, the billionaire owner of the LA Times who holds the key to any sale thanks to his 24-percent stake…
“#2nd deep-pocketed white knight joins bid for Tribune Publishing” A Swiss-born billionaire has become the latest white knight to seek to wrestle control of Tribune Publishing from cost-cutting hedge fund Alden Global Management. Hansjorg Wyss, former CEO of medical device manufacturer Synthes who resides in Wyoming, told the New York Times he’s teaming up with…
“#Daily News nixes pandemic bonuses for journalists — but pays the bosses” The New York Daily News on Friday stiffed its journalists out of a modest bonus it had promised them for their hard work during the pandemic. The New York-metropolitan area newspaper, which has successfully delivered on its pledged bonuses to management, cited staffers’…
“#Radar Online sold to Dylan Howard, beefs up staff” Dylan Howard, who played a key role in the National Enquirer’s “catch and kill” scandal before exiting American Media last year, has quietly purchased Radar Online from his former company, now known as A360Media. Howard is expected to run the celebrity and gossip website separately from…
“#Asbury Park Press makes changes amid caption mess” The photojournalist behind the “f—king hot nurse” caption in the Asbury Park Press no longer has a job with Gannett-owned daily, which has promised to start requiring two sets of eyes on every story. “The reporter in question is no longer with the company,” APP executive editor…
“#Anna Wintour to cast wide net for Alexi McCammond replacement” It’s back to the drawing board for Anna Wintour. Although there were a handful of other candidates in the running to take over Teen Vogue before Wintour’s top pick of Alexi McCammond blew up in her face, the Condé Nast chief content officer won’t be…
“#Kelly Gang hits pause on 2021 fundraiser after raising $65K in 2020” The Kelly Gang, the charity organization started by media figures who share the same surname, hit pause on its 2021 St. Patrick’s Day fundraiser but plans to return in force in 2022. The event, which counts former top cop Ray Kelly as a…
“#Unexpected white knight emerges for Tribune Publishing” The plot thickens around the future of Tribune Publishing owner of Chicago Tribune, the New York Daily News and others papers. In the latest twist, biotech billionaire Dr. Patrick Soon-Shiong, the LA times owner with a 24-percent stake in Tribune, dashed any lingering hope that he’d emerge as…
“#Stampede for Dr. Seuss titles sends book sales up 34%” The book industry saw sales surge 34 percent last week — thanks in part to the stampede for Dr. Seuss titles following moves to end the publication of six books over racially offensive images. Of course, book sales have been soaring generally as people look…
“#New York Times drops suit over Time magazine’s ‘Time 100 Talks’” The New York Times has walked away from efforts to stop Time magazine from using the “Time 100 Talks” name for the series of discussions it hosts with influential people, Media Ink has learned. The Gray Lady withdrew its complaint on Feb. 26 —…