Apollo Global Management might buy Tronc – Marketing/media News

on Apr14

13 April 2018 | 4:00 pm

A New York private-equity firm is considering buying Tronc, the New York Post reports.

Apollo Global Management is talking to executives of the Chicago-based publisher, which also owns the New York Daily news, sources tell the Post. And Apollo isn’t alone: At least one media company is among a few other potential buyers, sources say.

The Post also reports negotiations have stalled as Tronc seeks to sell the Los Angeles Times and San Diego Union-Tribune to billionaire Patrick Soon-Shiong. Yesterday, former L.A. Times Editor Lewis D’Vorkin was fired and several dozen workers were laid off, the Times reports.

Tronc and Apollo declined to comment to the Post, and Soon-Shiong did not return calls.

The news comes amid months of turmoil at Tronc, including the exit of Chairman Michael Ferro hours before a published report detailed allegations from two women who say Ferro made unwanted sexual advances toward them.

Ferro exits Trib parent after tumultuous tenure
Ferro’s investment partners mum in wake of #MeToo allegations
What’s next for Chicago Tribune’s parent?

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