Wrapports: Crain's Chicago reports that following the Ferro deal, the Chicago Sun-Times remains ever committed to providing city with a trustworthy second voice: "The enemy of my enemy is my friend, but what happens when your friend becomes the biggest investor in your enemy?In the Chicago newspaper business, it looks like a squeeze play. Michael Ferro, who
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