Mar 19, 2018

Tronc chairman Michael Ferro steps down

Photo by David McNew/Getty Images

Michael Ferro, chairman of newspaper publisher Tronc, is retiring from the board of directors as the company looks to finalize a $500 million sale of the Los Angeles Times and the San Diego Union-Tribune to local ownership. He will be succeeded by Tronc CEO Justin Dearborn.

Why it matters: Tronc is the country's third largest newspaper publisher and operates publications in 10 markets, including the Chicago Tribune, New York Daily News and The Baltimore Sun. Dozens of employees were laid off at the Tribune last week.

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Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.

The NFL warms up to betting

Photo: Jim McIsaac/Getty Images

Starting this season, NFL teams in states with legal sports betting will be allowed to have in-stadium betting lounges and accept sponsorships from sportsbooks and betting operators, per multiple reports.

One caveat: There will not be any physical betting windows in the lounges, so they're more "hangout spots for bettors" than an actual "places to make bets."

Situational awareness

President Trump and First Lady Melania Trump at the Taj Mahal. Photo: Mandel Ngan/AFP via Getty Images