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With annual revenue of over $82 billion, SoftBank Group Corp. ( SFTBF) is currently the 85th largest company in the world, by revenue, according to Fortune magazine. In several other countries, the U.K. for instance, SoftBank would be the largest company by far. SoftBank's domestic telecoms unit will launch on Dec. 19 on the Tokyo Stock Exchange with an IPO valued at 2.4 trillion yen (approximately $21.04 billion), one of the largest to date.
Today, Tronc confirmed rumors that its retrofuturist onomatopoetic name wasn’t long for this world. Soon, the company that owns the Chicago Tribune, Baltimore Sun, Hartford Courant, Orlando Sentinel, The New York Daily News and various others, will revert back to the Tribune Publishing Co. The news of the DeTroncification was, fittingly, reported by The Chicago Tribune (nee Troncbune).
Newspaper publisher Tronc Inc said on Thursday it will rename itself as Tribune Publishing Co, effective Oct. 9. The company, which owns the Chicago Tribune and the Baltimore Sun, said it will trade under ...
The Chicago-based media company says it's ditching the name and will revert to its "Tribune Publishing Co." moniker. The company rebranded itself Tronc — short for "Tribune online content"— in 2016 to highlight its digital publishing efforts. Tronc owns papers across the U.S. including the Chicago Tribune, the New York Daily News and The Baltimore Sun.
To the extent Tronc (NASDAQ:TRNC) can be handicapped, the analyst community did a pretty good job of figuring out how well the newspaper company did during the second quarter of the year. TRNC stock was off a bit in after-hours trading following the post-close release of last quarter’s results, but not by much. Of course, the fiscal figures are not just a moving target for the company, which is buying and selling properties at a pretty quick clip.
If the talks lead to a deal, Tronc would become the latest U.S. newspaper publisher to fall in the hands of a private equity firm or a hedge fund, as regional papers struggle with declining circulation amid the proliferation of online media. Donerail Group has secured financing for the deal and is in advanced negotiations with Tronc, the sources said, cautioning that a deal is not imminent and there is no certainty an agreement will be reached.
Newspaper publisher Tronc Inc. — which has reportedly realized it should have stuck with the Tribune Publishing name — spiked late Wednesday amid reports it's entertaining a bid from a private equity firm. Tronc, the owner of the Chicago Tribune, was spun off from TV-station owner Tribune Media Co. in 2014.
An offer of between $19 and $20 per Tronc share is on the table, the report http://www.chicagotribune.com/business/ct-biz-tronc-newspapers-offer-20180808-story.html said, citing sources close to the company, adding that at least one other private equity bid for Tronc may be in the works. Tronc had a market value of about $521 million as of Tuesday, according to Thomson Reuters data. Tronc declined to comment when contacted by Reuters.