Oct 4, 2018

Tronc reverts back to its old name after years of ridicule

Flags fly along the Michigan Avenue bridge near the Tribune Tower, home of the Chicago Tribune, WGN Radio and the Tribune Company. Photo: Scott Olson/Getty Images

Tronc, short for "Tribune Online Content" is reverting back to its old name, "Tribune Publishing Co.," after years of criticism from pundits, investors and the media elite, the Chicago Tribune reports.

Why it matters: The name change comes amid rumors that the company is exploring a sale.

Shares of Tronc closed up slightly higher after the announcement, Axios' Courtenay Brown explains. The company said the new name would go into effect on Oct. 9 when its stock ticker on the Nasdaq exchange will change to TPCO from TRNC.

Between the lines: Tronc has faced a challenging year amid misconduct reports from top executives, to the sale of many of its newspaper properties due to financial struggles. Most notably, it sold the Los Angeles Times and San Diego Tribune to a private investor earlier this year.

Go deeper

Trump threatens to move Republican convention from North Carolina if capacity reduced

President Trump on stage during the 2016 Republican National Convention in Ohio. Photo: Bill Clark/CQ Roll Call via Getty Images

President Trump threatened in a series of Monday tweets to move this summer's Republican National Convention from Charlotte if North Carolina's Democratic governor, Roy Cooper, doesn't allow the event to be held at full capacity.

The state of play: Mandy Cohen, the state's health and human services secretary, said last week that the GOP should "plan for the worst" as mass gatherings will be a "very big challenge" if the number of coronavirus cases in the state continues to increase, per NPR.

The wreckage of summer

Illustration: Sarah Grillo/Axios

We usually think of Memorial Day as the start of the summer, with all of the fun and relaxation that goes with it — but this one is just going to remind us of all of the plans that have been ruined by the coronavirus.

Why it matters: If you thought it was stressful to be locked down during the spring, just wait until everyone realizes that all the traditional summer activities we've been looking forward to are largely off-limits this year.

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 5,432,512 — Total deaths: 345,375 — Total recoveries — 2,182,202Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 1,643,499 — Total deaths: 97,722 — Total recoveries: 366,736 — Total tested: 14,163,915Map.
  3. 2020: Trump threatens to move Republican convention from North Carolina.
  4. World: White House announces travel restrictions on Brazil Over 100 cases in Germany tied to single day of church services.
  5. Public health: Officials are urging Americans to wear masks over Memorial Day.
  6. Economy: White House economic adviser Kevin Hassett says it's possible the unemployment rate could still be in double digits by November's election.
  7. What should I do? Hydroxychloroquine questions answeredTraveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 6 hours ago - Politics & Policy