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Robert Lloyd

Tribune Publishing renames itself Tronc as its dispute with Gannett continues

Tribune Publishing renames itself Tronc as its dispute with Gannett continues

The owner of the Chicago Tribune has a new name and a newly elected board, but it’s still dealing with some old business: dissatisfaction from some shareholders with its decision to spurn a buyout offer from rival Gannett Co. 

Although precise numbers weren’t available, a sizable percentage of Tribune shareholders — perhaps close to 40 percent — voiced disapproval with the company by withholding votes from its slate of board candidates, according to Gannett.  One investor filed a lawsuit Wednesday saying the company’s board has failed to act in shareholder interests.

Meanwhile, the war of words between the two...

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