Tribune Publishing's top shareholder is now Michael Ferro, majority owner of Chicago Sun-Times

February 4, 2016 3:18 PM

15 0

Michael Ferro, majority owner of the Chicago Sun-Times, has become the largest shareholder in Chicago-based Tribune Publishing, parent company of the Chicago Tribune, Los Angeles Times and other major daily newspapers.

Tribune Publishing sold more than 5.2 million shares of newly issued common stock to Merrick Media, a Chicago-based investment firm controlled by Ferro, in a $44.4 million deal announced Thursday.

Also read: Verizon, AT&T in Billion-Dollar Bidding War for 5G Spectrum

Read more

To category page

Loading...