![]() ![]() His investment experience at Quad-C includes companies such as Boulder Scientific Company, Prism Vision Group, Retina Group of Washington, VMG Health, Compassion First, Dental Care Alliance, Towncare Dental, NuSil Technology and Royal Adhesives & Sealants. ![]() Rob currently serves on the boards of Emergence Health and Versant Diagnostics. Rob was one of two senior professionals that established the healthcare vertical at Quad-C and he also led the specialty chemicals initiative for seven years. Prior to founding Iron Path, he was a Principal with Quad-C where he spent nearly 14 years on deal teams that invested over $750 million of equity. ![]() Gannett said the cuts aimed to address declining revenue amid a downturn in ad sales and customer subscriptions.Rob co-founded Iron Path Capital in 2021, co-leads the firm’s private equity execution and leads Iron Path’s internal operations. walked off the job to demand an end to painful cost-cutting measures at Gannett, the country’s biggest newspaper chain. The decision for the LA Times to shed its sister paper came days after journalists at two dozen local newspapers across the U.S. The news industry has been rocked in recent months by layoffs at news organizations including The Washington Post and National Public Radio. The company, through its Southern California News Group, also owns the Los Angeles Daily News, Press-Enterprise of Riverside, Daily Breeze, Press-Telegram, San Gabriel Valley Tribune, Pasadena Star-News, Whittier Daily News, San Bernardino Sun, Inland Valley Daily Bulletin and Redlands Daily Facts. Paul Pioneer Press and the Boston Herald, with a combined monthly audience of more than 60 million print and online viewers. The Union-Tribune sale was completed Monday, according to a memo to staff members from the California Times president and chief executive officer, Chris Argentieri.Īccording to its website, Denver-based MediaNews Group owns 68 daily and more than 300 weekly publications throughout the United States, including the Denver Post, Mercury News of San Jose, Orange County Register, St. ![]() The LA Times and Union-Tribune were purchased in 2018 by billionaire Patrick Soon-Shiong and his family for $500 million from Chicago-based Tribune Publishing. Efforts will be made to make cuts away from the newsroom, the email said. Sharon Ryan, executive vice president of California for MediaNews Group, said in an email to employees that cutbacks will be needed to “offset the slowdown in revenues as economic headwinds continue to impact the media industry,” the paper reported. The new owner is offering employee buyouts through next Monday and may lay people off, the Union-Tribune reported. The parent company is Alden Global Capital, a New York hedge fund that has been buying up newspapers across the country and faced criticism for slashing budgets and cutting jobs. The Union-Tribune, which covers the second-largest city in California, will now be owned by the same chain that owns a slew of Southern California newspapers. The decision comes after the LA Times announced last month that it was cutting 74 jobs - 13% of its newsroom positions - to deal with financial difficulties. LOS ANGELES (AP) - The owner of the Los Angeles Times has sold sister paper The San Diego Union-Tribune to MediaNews Group, which owns hundreds of papers around the country, the paper announced Monday. ![]()
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