Michael Ferro Steps Down as Chairman of Tronc Following Sale of LA Times

Michael Ferro, the largest shareholder of tronc, Inc., is stepping down as chairman of the publisher which includes the Chicago Tribune, New York Daily News, South Florida Sun-Sentinel and other newspapers. Justin Dearborn, CEO of tronc, Inc., has been named chairman of the board. Ferro’s decision to step down follows the company’s $500 million deal…

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