Veteran ICM Partners executive Rick Levy has stepped down from his duties as chief operating officer and will transition out of the agency at the end of 2020, insiders familiar with the company told Variety.
Levy added the title of COO to his long-standing role of general counsel in October, following the short-lived tenure of former Tribune Publishing executive Justin Dearborn. He remains general counsel and will work closely with agency chief Chris Silbermann through the end of the year.
Levy, who announced his departure at an all company staff meeting on January 27, is leaving by choice, which an ICM spokesman confirmed.
The COO job was effectively dissolved in January, according to a source, when the duties of that office were split between agency co-presidents Kevin Crotty and Sloan Harris. Levy’s intent to wind down was announced at that time, though word has circulated anew amid the coronavirus pandemic. He...
Levy added the title of COO to his long-standing role of general counsel in October, following the short-lived tenure of former Tribune Publishing executive Justin Dearborn. He remains general counsel and will work closely with agency chief Chris Silbermann through the end of the year.
Levy, who announced his departure at an all company staff meeting on January 27, is leaving by choice, which an ICM spokesman confirmed.
The COO job was effectively dissolved in January, according to a source, when the duties of that office were split between agency co-presidents Kevin Crotty and Sloan Harris. Levy’s intent to wind down was announced at that time, though word has circulated anew amid the coronavirus pandemic. He...
- 5/27/2020
- by Matt Donnelly
- Variety Film + TV
ICM Partners announced on Monday that it has sold a minority stake in the company to New York-based private equity firm Crestview Partners as a strategic investment to help fuel the talent agency’s growth.
The investment is somewhere around $150 million for a one-third stake in the company, an individual with knowledge of the deal told TheWrap.
The deal was announced by ICM managing director Chris Silbermann, who said that the strategic investment will help accelerate its domestic and international expansion, enhance services and provide more resources to its clients.
Also Read: ICM Partners Promotes 3 Women to Agency Ranks
“We have always dedicated ourselves first and foremost to our clients and are proud to be a singularly focused representation company,” Silbermann said in a statement. “As our team strategized about growing the agency to be the best it could for our clients, we believed Crestview, with its strong track record of backing media companies,...
The investment is somewhere around $150 million for a one-third stake in the company, an individual with knowledge of the deal told TheWrap.
The deal was announced by ICM managing director Chris Silbermann, who said that the strategic investment will help accelerate its domestic and international expansion, enhance services and provide more resources to its clients.
Also Read: ICM Partners Promotes 3 Women to Agency Ranks
“We have always dedicated ourselves first and foremost to our clients and are proud to be a singularly focused representation company,” Silbermann said in a statement. “As our team strategized about growing the agency to be the best it could for our clients, we believed Crestview, with its strong track record of backing media companies,...
- 12/16/2019
- by Trey Williams
- The Wrap
Exclusive: Deadline has learned that ICM Motion Picture Co-Head & Partner Spencer Baumgarten is exiting the agency after three years.
There are no plans to immediately fill the vacancy, as Baumgarten was one of three co-heads of the Motion Picture Lit division, a department which Harley Copen and Doug MacLaren continue to lead. There’s no word yet on where Baumgarten will land. He has been at ICM since November 2016.
Prior to ICM, Baumgarten was at CAA for 12 years where he repped such clients as Jon Favreau, Neil Burger and Gore Verbinski. At ICM, Baumgarten was involved with the teams for such clients as John Woo, Robert Orci, actress Jingchu Zhang, and filmmaker Joseph Kahn, among others.
The following memo was sent to ICM staffers on Wednesday about Baumgarten’s departure:
Dear Colleagues,
Spencer Baumgarten is no longer with the agency. We thank him for the contributions he made and wish him the best going forward.
There are no plans to immediately fill the vacancy, as Baumgarten was one of three co-heads of the Motion Picture Lit division, a department which Harley Copen and Doug MacLaren continue to lead. There’s no word yet on where Baumgarten will land. He has been at ICM since November 2016.
Prior to ICM, Baumgarten was at CAA for 12 years where he repped such clients as Jon Favreau, Neil Burger and Gore Verbinski. At ICM, Baumgarten was involved with the teams for such clients as John Woo, Robert Orci, actress Jingchu Zhang, and filmmaker Joseph Kahn, among others.
The following memo was sent to ICM staffers on Wednesday about Baumgarten’s departure:
Dear Colleagues,
Spencer Baumgarten is no longer with the agency. We thank him for the contributions he made and wish him the best going forward.
- 10/8/2019
- by Anthony D'Alessandro
- Deadline Film + TV
ICM Partners has promoted veteran agents Sloan Harris and Kevin Crotty to the newly created post of co-president. Three other insiders have been elevated to senior management roles on the heels of the departures of COO Justin Dearborn and Hr chief Cindy Ballard last month.
Adam Schweitzer, ICM’s New York-based head of talent, has been upped to managing director of talent and branding, giving him oversight of the department he previously headed with Lorrie Bartlett and Dar Rollins. He also takes on oversight of branding activities, led by Carol Goll.
Jennifer Joel has been promoted to co-head of ICM’s publishing unit alongside the literary legend Esther Newberg. Newberg is riding high at present on the success of Disney chairman-ceo Bob Iger’s top-selling business book “The Ride of a Lifetime.” She previously headed ICM’s publishing department with Harris.
Rick Levy, ICM’s general counsel and founding partner,...
Adam Schweitzer, ICM’s New York-based head of talent, has been upped to managing director of talent and branding, giving him oversight of the department he previously headed with Lorrie Bartlett and Dar Rollins. He also takes on oversight of branding activities, led by Carol Goll.
Jennifer Joel has been promoted to co-head of ICM’s publishing unit alongside the literary legend Esther Newberg. Newberg is riding high at present on the success of Disney chairman-ceo Bob Iger’s top-selling business book “The Ride of a Lifetime.” She previously headed ICM’s publishing department with Harris.
Rick Levy, ICM’s general counsel and founding partner,...
- 10/7/2019
- by Cynthia Littleton
- Variety Film + TV
ICM Partners is restructuring its senior leadership under Managing Director Chris Silbermann and Co-Managing Director Ted Chervin.
Agency veterans Kevin Crotty, Head of the Lit Department, and Sloan Harris, Co-Head of the Publishing Department, have been named Co-Presidents, ICM Partners, effective immediately. They will oversee all agent-related and client service operations, reporting to Silbermann.
Crotty and Harris are founding partners and board members, as are three others longtime ICM Partners agents/executives who have been promoted.
Adam Schweitzer has been upped to Managing Director, Talent and Branding, and Rick Levy has been elevated to Chief Operating Officer, while retaining in his role as the General Counsel.
Jennifer Joel has been named new Co-Head of the Publishing Department, succeeding Harris, where she will serve alongside longtime Publishing Department Co-Head Esther Newberg. A new head of TV Lit to succeed Crotty will be named shortly.
Crotty, based in Los Angeles, and Harris,...
Agency veterans Kevin Crotty, Head of the Lit Department, and Sloan Harris, Co-Head of the Publishing Department, have been named Co-Presidents, ICM Partners, effective immediately. They will oversee all agent-related and client service operations, reporting to Silbermann.
Crotty and Harris are founding partners and board members, as are three others longtime ICM Partners agents/executives who have been promoted.
Adam Schweitzer has been upped to Managing Director, Talent and Branding, and Rick Levy has been elevated to Chief Operating Officer, while retaining in his role as the General Counsel.
Jennifer Joel has been named new Co-Head of the Publishing Department, succeeding Harris, where she will serve alongside longtime Publishing Department Co-Head Esther Newberg. A new head of TV Lit to succeed Crotty will be named shortly.
Crotty, based in Los Angeles, and Harris,...
- 10/7/2019
- by Nellie Andreeva
- Deadline Film + TV
ICM Partners is strengthening their senior management team with several promotions, including Kevin Crotty and Sloan Harris to the roles of co-president, where they will oversee all agent related and client service operations, the agency announced Monday.
“Kevin and Sloan have demonstrated over the course of many years that they are excellent agents and tremendous leader, who have the respect of their peers as well as the wisdom and experience needed to help guide us into the next phase of our successful growth strategy,” managing director Chris Silbermann and co-managing director Ted Chervin said in a statement.
In addition, Adam Schweitzer, the New York-based longtime co-head of the talent department and founding partner, has been promoted to managing director of talent and branding.
Also Read: ICM Partners COO Justin Dearborn, Hr Chief Cindy Ballard Resign
“Adam has been a rising star at this agency since he got here 20 years ago...
“Kevin and Sloan have demonstrated over the course of many years that they are excellent agents and tremendous leader, who have the respect of their peers as well as the wisdom and experience needed to help guide us into the next phase of our successful growth strategy,” managing director Chris Silbermann and co-managing director Ted Chervin said in a statement.
In addition, Adam Schweitzer, the New York-based longtime co-head of the talent department and founding partner, has been promoted to managing director of talent and branding.
Also Read: ICM Partners COO Justin Dearborn, Hr Chief Cindy Ballard Resign
“Adam has been a rising star at this agency since he got here 20 years ago...
- 10/7/2019
- by Rosemary Rossi
- The Wrap
ICM Partners is losing two key executives.
Chief Operating Officer Justin Dearborn and human resources chief officer Cindy Ballard are leaving the Hollywood talent agency.
An internal memo obtained Saturday by Deadline states that the two execs resigned in the past week, and will remain with the company for a few more months.
“They have agreed to stay with us through the end of the year to help with a smooth transition,” the memo read. “We appreciate the significant contributions they both made to the agency and wish them the very best going forward.”
Dearborn’s exits comes seven months after he joined ICM from Tribune Publishing. As previously reported, he boarded the agency is February 2019. At Tribune, Dearborn served as chairman and CEO, and implemented an enhanced digital strategy, with subscribers seeing triple-digit growth.
Ballard joined ICM in March 2018, also from Tribune Publishing. She previously served as chief Hr...
Chief Operating Officer Justin Dearborn and human resources chief officer Cindy Ballard are leaving the Hollywood talent agency.
An internal memo obtained Saturday by Deadline states that the two execs resigned in the past week, and will remain with the company for a few more months.
“They have agreed to stay with us through the end of the year to help with a smooth transition,” the memo read. “We appreciate the significant contributions they both made to the agency and wish them the very best going forward.”
Dearborn’s exits comes seven months after he joined ICM from Tribune Publishing. As previously reported, he boarded the agency is February 2019. At Tribune, Dearborn served as chairman and CEO, and implemented an enhanced digital strategy, with subscribers seeing triple-digit growth.
Ballard joined ICM in March 2018, also from Tribune Publishing. She previously served as chief Hr...
- 9/28/2019
- by Anita Bennett
- Deadline Film + TV
ICM Partner’s Chief Operating Officer Justin Dearborn and chief human resources officer Cindy Ballard are headed for the exit.
An ICM spokesman confirmed to TheWrap that both executives resigned earlier this week, capping brief stints at the Hollywood talent agency.
According to the spokesman, both Dearborn and Ballard are leaving on amicable terms. They will stay on through the end of the year to assist with the transition, though no successors have been named at this point.
Also Read: ICM Partners Files Motion in WGA Lawsuit to Have Complaints Against Agency Thrown Out
Dearborn joined ICM after stepping down from his post as CEO and chairman of Tribune Publishing earlier this year.
Dearborn had been close to many of the scandals surrounding Tribune in recent years. He assumed that top job in March 2018 after his predecessor, Michael Ferro, was forced out in the wake of a #MeToo scandal. Dearborn...
An ICM spokesman confirmed to TheWrap that both executives resigned earlier this week, capping brief stints at the Hollywood talent agency.
According to the spokesman, both Dearborn and Ballard are leaving on amicable terms. They will stay on through the end of the year to assist with the transition, though no successors have been named at this point.
Also Read: ICM Partners Files Motion in WGA Lawsuit to Have Complaints Against Agency Thrown Out
Dearborn joined ICM after stepping down from his post as CEO and chairman of Tribune Publishing earlier this year.
Dearborn had been close to many of the scandals surrounding Tribune in recent years. He assumed that top job in March 2018 after his predecessor, Michael Ferro, was forced out in the wake of a #MeToo scandal. Dearborn...
- 9/28/2019
- by Trey Williams
- The Wrap
Two top executives are out at ICM Partners.
Chief operating officer Justin Dearborn and chief human resources officer Cindy Ballard are leaving, capping brief tenures for both at the Hollywood talent agency. An ICM spokesperson confirmed that Dearborn and Ballard resigned this week, adding that both are leaving the agency on amicable terms, and that both will remain onboard through the end of the year to assist with the transition.
No successor to either exec has yet been identified.
Dearborn exits just seven months after he joined ICM from publishing Tribune Publishing. There, Dearborn spent three years as chairman and CEO. During his tenure, the company was affected by sexual harassment controversies at the Los Angeles Times, unrelated to Dearborn, which involved former Tribune Publishing chairman Michael Ferro. Dearborn resigned in January from his post at Tronc.
Prior to his time at Tribune Publishing, Dearborn was CEO of technology firm Merge Healthcare Inc.
Chief operating officer Justin Dearborn and chief human resources officer Cindy Ballard are leaving, capping brief tenures for both at the Hollywood talent agency. An ICM spokesperson confirmed that Dearborn and Ballard resigned this week, adding that both are leaving the agency on amicable terms, and that both will remain onboard through the end of the year to assist with the transition.
No successor to either exec has yet been identified.
Dearborn exits just seven months after he joined ICM from publishing Tribune Publishing. There, Dearborn spent three years as chairman and CEO. During his tenure, the company was affected by sexual harassment controversies at the Los Angeles Times, unrelated to Dearborn, which involved former Tribune Publishing chairman Michael Ferro. Dearborn resigned in January from his post at Tronc.
Prior to his time at Tribune Publishing, Dearborn was CEO of technology firm Merge Healthcare Inc.
- 9/28/2019
- by Joe Otterson
- Variety Film + TV
Exclusive: ICM Partners has tapped Caroline Edwards as Director of Podcast Initiatives.
In her new role, she will work closely with agent teams to help shepherd ICM Partners’ clients into podcast projects, from creative inception through the sale and the launch of the project idea to podcast networks. She will report to Justin Dearborn, Chief Operating Officer, ICM Partners.
“Caroline’s’ creative instincts, her astute eye on fresh and compelling content, and her diverse and comprehensive knowledge of the media business uniquely suit her to this new role in the ever-evolving media landscape,” Dearborn said in announcing the new role.
ICM Partners’ previously announced partnership with Workhouse Media in this space will continue, with Caroline adding leadership and additional focus for ICM clients in the rapidly growing sector.
Edwards began her career at ICM Partners, working for TV Literary Partner Chris von Goetz, before serving as a Creative Executive for client Byron Balasco.
In her new role, she will work closely with agent teams to help shepherd ICM Partners’ clients into podcast projects, from creative inception through the sale and the launch of the project idea to podcast networks. She will report to Justin Dearborn, Chief Operating Officer, ICM Partners.
“Caroline’s’ creative instincts, her astute eye on fresh and compelling content, and her diverse and comprehensive knowledge of the media business uniquely suit her to this new role in the ever-evolving media landscape,” Dearborn said in announcing the new role.
ICM Partners’ previously announced partnership with Workhouse Media in this space will continue, with Caroline adding leadership and additional focus for ICM clients in the rapidly growing sector.
Edwards began her career at ICM Partners, working for TV Literary Partner Chris von Goetz, before serving as a Creative Executive for client Byron Balasco.
- 5/8/2019
- by Anthony D'Alessandro
- Deadline Film + TV
Nexstar is selling off 19 of its local TV stations in 15 markets to the tune of $1.32 billion in cash. Tegna and E.W. Scripps will be the recipients of those channels, which include New York City’s Wpix (that one for Scripps).
In December, Nexstar agreed to pay $4.1 billion to acquire Tribune Media. This purge of television stations is to comply with FCC rules and get the Doj’s go-ahead on the Tribune transaction. It will also provide funds for Nexstar to help offset its larger deal’s debt.
“As with our prior acquisitions, we announced the Tribune transaction after developing a comprehensive regulatory compliance plan for required station divestitures and a detailed integration plan that will result in significant synergy realization,” Perry Sook, chairman, president and CEO of Nexstar, said on Wednesday. “The proposed divestitures announced today mark an important step in fulfilling Nexstar’s commitment to regulatory bodies to divest...
In December, Nexstar agreed to pay $4.1 billion to acquire Tribune Media. This purge of television stations is to comply with FCC rules and get the Doj’s go-ahead on the Tribune transaction. It will also provide funds for Nexstar to help offset its larger deal’s debt.
“As with our prior acquisitions, we announced the Tribune transaction after developing a comprehensive regulatory compliance plan for required station divestitures and a detailed integration plan that will result in significant synergy realization,” Perry Sook, chairman, president and CEO of Nexstar, said on Wednesday. “The proposed divestitures announced today mark an important step in fulfilling Nexstar’s commitment to regulatory bodies to divest...
- 3/20/2019
- by Tony Maglio
- The Wrap
ICM Partners has hired former Tribune Publishing chairman and CEO Justin Dearborn as its chief operating officer, effective today. Dearborn was introduced this morning during the agency’s weekly staff meeting.
At ICM, Mr. Dearborn will report to Chris Silbermann, managing director of ICM Partners, and be in charge of agency’s daily business operations. It caps a search that only started a few months ago to fill the COO post after Dan Donahue departed for All3Media.
At Tribune, Dearborn implemented an enhanced digital strategy, with subscribers seeing triple-digit growth, while the publishing company’s market capitalization more than doubled.
“We could not be more thrilled than to have Justin join our team,” said Silbermann in a statement. “We just completed our best year ever and Justin will be a vital part of managing what we see as a clear path for sustainable internal growth, while helping us identify and close strategic partnerships and acquisitions.
At ICM, Mr. Dearborn will report to Chris Silbermann, managing director of ICM Partners, and be in charge of agency’s daily business operations. It caps a search that only started a few months ago to fill the COO post after Dan Donahue departed for All3Media.
At Tribune, Dearborn implemented an enhanced digital strategy, with subscribers seeing triple-digit growth, while the publishing company’s market capitalization more than doubled.
“We could not be more thrilled than to have Justin join our team,” said Silbermann in a statement. “We just completed our best year ever and Justin will be a vital part of managing what we see as a clear path for sustainable internal growth, while helping us identify and close strategic partnerships and acquisitions.
- 2/11/2019
- by Anthony D'Alessandro
- Deadline Film + TV
Tribune Publishing chairman and CEO Justin Dearborn has stepped down from both his positions, the company announced Thursday.
The departing executive will be replaced by two successors, Timothy P. Knight, who will take the helm as CEO, and David Dreier, as chairman of the board.
“I am proud of what we have accomplished over the last several years. Tribune Publishing has a tremendously talented team and I am confident that the Company is in great hands to build on that progress under Tim’s leadership going forward,” Dearborn said in a statement.
Also Read: Former Tribune Publishing Chairman Accused of Calling Eli Broad Part of a 'Jewish Cabal' (Report)
The executive had been close to many of the scandals surrounding the company in recent years. He assumed the top job in March 2018 after his predecessor, Michael Ferro, was forced out in the wake of a #MeToo scandal. Dearborn was known...
The departing executive will be replaced by two successors, Timothy P. Knight, who will take the helm as CEO, and David Dreier, as chairman of the board.
“I am proud of what we have accomplished over the last several years. Tribune Publishing has a tremendously talented team and I am confident that the Company is in great hands to build on that progress under Tim’s leadership going forward,” Dearborn said in a statement.
Also Read: Former Tribune Publishing Chairman Accused of Calling Eli Broad Part of a 'Jewish Cabal' (Report)
The executive had been close to many of the scandals surrounding the company in recent years. He assumed the top job in March 2018 after his predecessor, Michael Ferro, was forced out in the wake of a #MeToo scandal. Dearborn was known...
- 1/18/2019
- by Jon Levine
- The Wrap
Publishers were coming and going today at two major media outlets.
Tribune Publishing Chief Executive Justin Dearborn stepped down after three years, the newspaper company announced Thursday. Chicago newspaper executive Tim Knight was named CEO. He was formerly president of the company and will also join the Tribune Publishing board.
Board member David Dreier replaces Dearborn as Tribune Publishing chairman. Ross Levinsohn and Mickie Rosen, the CEO and president, respectively, of Tribune Interactive, the digital arm of Tribune Publishing, are also leaving.
Levinsohn joined Tribune Publishing in 2017 as publisher and CEO of The Los Angeles Times, which was owned by Tribune at the time. He was placed on leave in January 2018 after reports surfaced that he was a defendant in two sexual harassment lawsuits while at other media companies.
Levinsohn was reinstated in February 2018 and shifted to a new role as head of Tribune Publishing’s digital business unit.
The...
Tribune Publishing Chief Executive Justin Dearborn stepped down after three years, the newspaper company announced Thursday. Chicago newspaper executive Tim Knight was named CEO. He was formerly president of the company and will also join the Tribune Publishing board.
Board member David Dreier replaces Dearborn as Tribune Publishing chairman. Ross Levinsohn and Mickie Rosen, the CEO and president, respectively, of Tribune Interactive, the digital arm of Tribune Publishing, are also leaving.
Levinsohn joined Tribune Publishing in 2017 as publisher and CEO of The Los Angeles Times, which was owned by Tribune at the time. He was placed on leave in January 2018 after reports surfaced that he was a defendant in two sexual harassment lawsuits while at other media companies.
Levinsohn was reinstated in February 2018 and shifted to a new role as head of Tribune Publishing’s digital business unit.
The...
- 1/18/2019
- by Bruce Haring
- Deadline Film + TV
The Los Angeles Times was restive on Thursday after a bombshell NPR story on Wednesday reporting that former Times editor and publisher Davan Maharaj had secretly recorded Michael Ferro — then chairman of tronc, the paper’s parent company — calling L.A. billionaire Eli Broad a member of a “Jewish cabal” that controlled Los Angeles.
In addition, Maharaj’s attorney confirmed that he had reached a substantial financial settlement after he was fired earlier this year in a deal that NPR said was worth $2.5 million.
In response to the reports about its own operations, many employees on Thursday were quick to disparage Ferro, Maharaj and Tribune Publishing.
“Obviously everyone was disgusted with the story — every part of it,” Matt Pearce, a national correspondent for the Times and officer of the L.A. Times Guild, told TheWrap on Thursday. “The story describes anti-Semitism by our old chairman, millions wasted on yet another...
In addition, Maharaj’s attorney confirmed that he had reached a substantial financial settlement after he was fired earlier this year in a deal that NPR said was worth $2.5 million.
In response to the reports about its own operations, many employees on Thursday were quick to disparage Ferro, Maharaj and Tribune Publishing.
“Obviously everyone was disgusted with the story — every part of it,” Matt Pearce, a national correspondent for the Times and officer of the L.A. Times Guild, told TheWrap on Thursday. “The story describes anti-Semitism by our old chairman, millions wasted on yet another...
- 12/13/2018
- by Jon Levine
- The Wrap
Former Tribune Publishing chairman Michael Ferro described California billionaire and civic leader Eli Broad as being part of a “Jewish cabal” during a company meeting in 2016, according to an NPR report published Wednesday.
Ferro, who exited the company in March after a tumultuous tenure, made the remarks during a 2016 strategy dinner at an upscale restaurant near the company’s Chicago headquarters, NPR reporter David Folkenflik reported, citing two unnamed individuals who attended the event.
Earlier this year, Tribune paid a $2.5 million settlement to a fired Tribune executive in order to avoid a lawsuit that would have led to public disclosure of Ferro’s alleged remarks about Broad, NPR reported, citing three people with knowledge of the deal. The Los Angeles Times later reported that it was former Los Angeles Times publisher and editor Davan Maharaj who received the payout.
Also Read: National Enquirer Parent Company Admits Paying Off Karen McDougal...
Ferro, who exited the company in March after a tumultuous tenure, made the remarks during a 2016 strategy dinner at an upscale restaurant near the company’s Chicago headquarters, NPR reporter David Folkenflik reported, citing two unnamed individuals who attended the event.
Earlier this year, Tribune paid a $2.5 million settlement to a fired Tribune executive in order to avoid a lawsuit that would have led to public disclosure of Ferro’s alleged remarks about Broad, NPR reported, citing three people with knowledge of the deal. The Los Angeles Times later reported that it was former Los Angeles Times publisher and editor Davan Maharaj who received the payout.
Also Read: National Enquirer Parent Company Admits Paying Off Karen McDougal...
- 12/12/2018
- by Jon Levine
- The Wrap
Tronc, which acquired the New York Daily News last year for $1 plus the assumption of debt, has slashed half of its editorial staff as part of an aggressive new emphasis on digital news delivery.
The company’s stock price has dipped a fraction so far today, to about $16.10, which is within the narrow range where it has traded throughout 2018. Investors have speculated that more deals could lie ahead for Tronc, which has had a bumpy ride since being spun off by Tribune Media and fatefully deciding to name itself for a contraction of “Tribune online content.” The rebranding drew widespread mockery, and executives reportedly are mulling a retreat from the name, among other strategic moves.
Along the way, more substantive blows have landed. Former chairman Michael Ferro left amid claims of sexual harassment and a mass shooting tore through the newsroom of the Capital-Gazette in Annapolis, Md.
The larger narrative...
The company’s stock price has dipped a fraction so far today, to about $16.10, which is within the narrow range where it has traded throughout 2018. Investors have speculated that more deals could lie ahead for Tronc, which has had a bumpy ride since being spun off by Tribune Media and fatefully deciding to name itself for a contraction of “Tribune online content.” The rebranding drew widespread mockery, and executives reportedly are mulling a retreat from the name, among other strategic moves.
Along the way, more substantive blows have landed. Former chairman Michael Ferro left amid claims of sexual harassment and a mass shooting tore through the newsroom of the Capital-Gazette in Annapolis, Md.
The larger narrative...
- 7/23/2018
- by Dade Hayes
- Deadline Film + TV
The New York Daily News announced massive layoffs to its editorial team on Monday, with the paper’s parent company Tronc ordering 50 percent cuts for a new focus on breaking news. Among the departed were editor-in-chief Jim Rich and managing editor Kristen Lee — both of whom had already updated their Twitter accounts Monday to reflect the change in status.
Staffers at the iconic New York tabloid were informed of the decision in an email, obtained by TheWrap.
“We are reducing today the size of the editorial team by approximately 50 percent and re-focusing much of our talent on breaking news — especially in areas of crime, civil justice and public responsibility,” said Tronc. “We are fundamentally restructuring the Daily News.”
The company also announced that longtime newspaper veteran Robert York would be coming in to lead the Daily News “effective immediately.”
Also Read: Tronc Acquires New York Daily News
In a statement...
Staffers at the iconic New York tabloid were informed of the decision in an email, obtained by TheWrap.
“We are reducing today the size of the editorial team by approximately 50 percent and re-focusing much of our talent on breaking news — especially in areas of crime, civil justice and public responsibility,” said Tronc. “We are fundamentally restructuring the Daily News.”
The company also announced that longtime newspaper veteran Robert York would be coming in to lead the Daily News “effective immediately.”
Also Read: Tronc Acquires New York Daily News
In a statement...
- 7/23/2018
- by Jon Levine
- The Wrap
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