McCormick Media Wants a Bigger Stake in Tronc

McCormick Media, which already has a definitive agreement to buy the 25.7 percent of Tronc stock owned by ex-chairman Michael Ferro, is in talks with another “significant” shareholder about increasing its stake even further.

The bombshell disclosure was buried in a regulatory filing McCormick Media filed on Monday.

The disclosure of the talks has triggered speculation that the secret talks are with Dr. Patrick Soon-Shiong.

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