Optics count in contentious takeover battles. And Tribune Publishing's decision to give its CEO a large relocation deal is not a good look.
Just days after rebuffing a 99 percent premium from suitor Gannett, Tribune disclosed on Thursday that it's going to pay Justin Dearborn $262,000 to move to Los Angeles. I mean, I know those tech folks are driving up the cost of living out in California, but come on. It's also not totally clear why Dearborn needs to move to the more expensive state at all when Tribune HQ is going to remain in Chicago and he's going to ferry back and forth to the Windy City.