Business
Michael Ferro retired from the board of Tronc Inc. on Monday, ahead of the newspaper chain’s $500-million sale of the Los Angeles Times and other California assets and hours before sexual misconduct allegations against him were made public.
March 19, 2018
Michael Ferro, who resigned last month as chairman of Chicago-based newspaper chain Tronc, has struck a deal to sell his entire stake in the company, according to a filing with the Securities and Exchange Commission late Friday.
April 13, 2018
An investor group’s deal to buy former Tronc Chairman Michael Ferro’s entire stake in the newspaper chain has fallen through.
June 5, 2018
Company Town
The Los Angeles Times’ former publisher and editor, Davan Maharaj, reportedly received a $2.5-million settlement following his exit from Tribune Publishing Co. after revealing to a mediator he had recorded anti-Semitic comments allegedly made by the company’s largest shareholder, Michael Ferro.
Dec. 12, 2018
Entertainment & Arts
April 26, 2016
The owner of the Los Angeles Times on Thursday bought out a major shareholder that had pushed for a sale — and at the same time gave the company’s chairman, Michael Ferro, the ability to boost his ownership stake.
March 23, 2017
Chicago entrepreneur Michael Ferro is investing $44.4 million in Los Angeles Times owner Tribune Publishing Co., making him the company’s largest shareholder and infusing cash that could bolster a planned bid for the Orange County Register.
Feb. 4, 2016
A Chicago entrepreneur who already owns one of that city’s daily newspapers is now the largest shareholder in Los Angeles Times owner Tribune Publishing after making a $44.4-million investment — one that could bolster the company’s planned bid for the Orange County Register.
Patrick Soon-Shiong, the L.A. billionaire battling for control of Los Angeles Times owner Tronc Inc., is pressuring the company’s board to allow him to buy more stock now that Chairman Michael Ferro has been allowed to up his stake.
March 27, 2017
In the latest flare-up between the two top investors in the L.A.
April 3, 2017