Michael Ferro, Who Stashed LA Times In His Tronc Of Fonc, Sells Last Tribune Publishing Shares For $118M

The book appears to be all but closed on the Michael Ferro era at Tribune Publishing. The executive’ and his Merrick Ventures, have sold a 25.2% stake in Tribune to Alden Global Capital, making the New York-based hedge fund Tribune’s largest shareholder. Along with the nearly $118 million deal for 9.1 million shares, which were […]

from Deadline https://ift.tt/35s9t9F