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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…
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By Dade Hayes
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0 Comments Comment on Michael Ferro, Who Stashed LA Times In His Tronc Of Fonc, Sells Last Tribune Publishing Shares For $118M
Cyberattack From Outside US Disrupts Distribution of LA Times, Other Papers
What was initially described as a computer virus and subsequently as an organized cyberattack led to delays in the printing and deliveries of the Saturday edition of the Los Angeles Times, the Chicago Tribune, Baltimore Sun and several other major newspapers that operate on a shared production platform as they all…
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