Private equity firm Apollo Global Management has interest in buying newspaper conglomerate Tronc, according to The New York Post. Axios has since confirmed the interest.
Bottom line: Apollo has a reputation for buying distressed assets, but private equity firms have generally shied away from buying consumer-facing print media. Particularly ones that don't own most of their real estate.
Next week, Japanese Prime Minister Shinzo Abe visits President Trump at Mar-a-Lago on the heels of a big pivot from the White House as the president directed his top advisers to re-examine the Trans-Pacific Partnership.
The big picture: Trump seeks close cooperation with Japan on resolving the North Korean nuclear threat, but he's alienating Tokyo with tariffs. Both issues are on the table as the two leaders meet on April 17th and 18th.
A trade war between the world's two biggest economies would have repercussions across the world.
The bottom line: President Trump's tariffs are meant to be a blow to Beijing, but their secondary effects will hit the countries involved in the production chains of goods that come out of both the U.S. and China — and that list, depicted above, includes nearly every economy in the world.
The L.A. Times reported Thursday that Lewis D'Vorkin, the chief content officer for Tronc, was fired for unclear reasons, and "several dozen other employees" based in L.A. were let go. A source confirmed the move to Axios.
