Cole Smead is the President and a Portfolio Manager at Smead Capital Management. He has been with the firm since its founding in 2007. Cole oversees the firm. He is also a member of the investment committee and is jointly responsible for the day-to-day management of the firm’s separate accounts and mutual funds.
Smead Capital Management, a downtown Seattle firm that manages about $2.3 billion in client assets, is among the largest shareholders in Gannett, the Virginia-based newspaper chain trying to buy Tribune Publishing.
There are other fish in the sea. And Gannett, the owner of USA Today and hundreds of other newspapers, may end up wearing down Tribune’s resistance and getting a better price for the company down the line. You have quite a few shareholders, like us, who are interested” in the deal going through.