Chicago Sun-Times Owner is Now Tribune Publishing's Top Shareholder

Posted Thursday, February 4, 2016 8:01 am

Robert Channick | Chicago Tribune

Michael Ferro, majority owner of the Chicago Sun-Times, has become the largest shareholder in Chicago-based Tribune Publishing, parent company of the Chicago Tribune, Los Angeles Times and other major daily newspapers.

Tribune Publishing sold more than 5.2 million shares of newly issued common stock to Merrick Media, a Chicago-based investment firm controlled by Ferro, in a $44.4 million deal announced Thursday.

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Chicago Sun-Times Owner is Now Tribune Publishing's Top Shareholder

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