Robservations on the media beat:
If fireworks erupt at the annual meeting of Tribune Publishing Thursday they won’t be witnessed by journalists. Reporters have been told they cannot attend the meeting, which is open only to shareholders. The event could mark a turning point in the battle between Tribune Publishing chairman Michael Ferro and Gannett for control of the company. Gannett and its allies have urged stockholders to withhold votes for management's eight board candidates — many with close ties to Ferro — to send a message in support of Gannett's takeover bid. The outcome could determine whether Gannett continues with its bid or walks away. Neatly summarizing the issue was Jim Cramer, host of CNBC’s “Mad Money,” who eviscerated Ferro in a nine-minute takedown last week. “By aggressively rejecting two increasingly generous takeover offers from Gannett, Ferro has destroyed value — all so that Tribune can remain his own independent plaything,” Cramer said. Continue reading









