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.”

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USA Today, “Chicago Sun-Times owner pays $44.4M for 17% stake in Tribune Publishing,” February 5, 2016