The cuts at @TRONC are not over yet. Some of the company's OTHER papers are laying off staffers "today and tomorrow," CEO Justin Dearborn says. "Much smaller reductions" than the Daily News suffered. Here's my full storyhttp://money.cnn.com/2018/07/23/media/tronc-layoffs-other-newspapers/index.html …
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Oddly, no obligation to the truth or honesty in reporting. At least in that regard they are completely aligned with the main stream media.
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If, by "fiduciary obligation" @tronc means paying their ex-CEOs sexual harassment settlements without execs taking a hit to their compensation.https://twitter.com/brianstelter/status/1021524532480405507 …
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Yes it does. But it appears only one "constituent" is being served by the company's actions today. And, honestly, that constituent should have sold when the stock hit 18. Oh well, too late now.
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Notice the order of their fiduciary responsibilities Telling.
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If that were the case, they’d close it altogether.
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Funny how 'shareholders' are 25% of their constituents, yet pretty much get 100% of decisions in their favor.
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Learn to code, bro
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How are you tweeting right now? I read an article that says you have ligma!?
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Here’s what’s interesting by their statement, take the constituents list in reverse order: community, readers, employees and shareholders and you discover the real value and purpose of journalism.
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Here, I corrected it for you: Tronc says "we have a fiduciary obligation to balance the interests of all of our constituents: shareholders, shareholders, shareholders and shareholders."
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It's all about competition.....That's why CNN is lowly rated as compared to the high ratings Fox gets.............
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Calling BS on Tronc statement! It isn’t about money, but truth!
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It’s pretty funny how everyone acts like NY doesn’t have any other newspapers.
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I see shareholders come first and the community they serve comes last.
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Blah, blah, tough decision, blah, blah, cut costs, blah, blah, protect shareholders at any cost...
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Somehow I don’t feel like they’ve achieved balance by paying out the CEO $15mm when leaving on bad behavior.
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