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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