A Power Struggle Emerges Within Tribune Parent's Boardroom

Posted Monday, March 20, 2017 7:55 am

Lynne Marek | Crain's Chicago Business

A major rift has emerged on the board of the company that owns the second-biggest U.S. newspaper chain, and a battle for control could be brewing.

The media company Tronc, formerly known as Tribune Publishing, controlled by Chairman Michael Ferro, is pushing out its vice chairman, Patrick Soon-Shiong. Still, the billionaire biotech mogul is bulking up ownership of the company even as he heads for the exit.

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A Power Struggle Emerges Within Tribune Parent's Boardroom

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