Wrapports:
USA Today reports that Michael Ferro is expanding his media interests with his recent investment in Tribune Publishing:
“Ferro’s investment firm, Merrick Media, paid $44.4 million for a 16.6% stake in Tribune Publishing, which owns the Sun-Times’ rival, Chicago Tribune, the companies said Thursday. In the deal, Ferro becomes the single largest shareholder of Tribune Publishing and agreed to refrain from buying more than 25% of Tribune, the company said in a filing with the Securities and Exchange Commission.”
Read Complete Article:
USA Today, “Chicago Sun-Times owner pays $44.4M for 17% stake in Tribune Publishing,” February 5, 2016