CHICAGO (AP) — Tribune Publishing, the owner of the Chicago Tribune and other major newspapers around the country, is reshuffling the leadership ranks at its publications, combining the role of editors-in-chief and publisher.
The company said the changes it's implementing will make Tribune a "content-first organization." The reorganization comes about a week after the company announced it was replacing its CEO, and about a month after it named Chicago investor Michael W. Ferro Jr. as its non-executive chairman.
Ferro delivered a $44.4 million cash infusion to Tribune Publishing, but he also owned a stake in crosstown rival Chicago Sun-Times. On Sunday, the Tribune said that Ferro would donate that stake to a charitable trust.
"This divestiture will create a very clear separation of ownership and avoid perceived conflicts of interest," Tribune Publishing CFO Sandra Martin said.
A spokesman for Sun-Times owner Wrapports said the company didn't immediately have comment. Ferro stepped down from the board of Wrapports when he arrived at Tribune Publishing.
The company will also begin offering print subscribers free unlimited access to digital content by April, and announced the departure of Denise Warren, who headed Tribune Publishing's digital operations.
Warren was a 26-year veteran with The New York Times and had headed its digital operations. Warren has been with the Tribune for less than a year.
Tribune Publishing said the new dual publisher-editor positions would "drive a content-first culture." The company said its new president of publishing, Tim Ryan, will report to new CEO Justin Dearborn.
The Tribune also acquired LA.com and said that Los Angeles Times' Davan Maharaj would take on a dual editor and publish role to oversee the launch of the new content vertical..
Tribune Publishing Co. spun off from media company Tribune Co. about two years ago. The Chicago company owns 11 daily newspapers, including the Chicago Tribune, Los Angeles Times The Baltimore Sun and the Hartford Courant.
This article has been corrected to show that Ryan's first name is Tim.