Gannett’s tactics in trying to take over Tribune Publishing now include questioning the competence of the man who runs it, Michael Ferro.
At any rate, Gannett quickly replied. Later Friday it issued a statement asserting the Tribune board was showing “complete disregard for its responsibility to shareholders,” and trying to hang Ferro with his own words. “I don’t know anything about the newspaper business,” Ferro was quoted as saying in a Chicago magazine profile by Bryan Smith in October 2013 (when Ferro ran the Sun-Times). “I like to be in businesses that I know something about.”
But why shouldn’t the new boss want to surround himself with allies? How you answer that one depends on what you think of the new boss.
