Tuesday, May 16, 2017

Buyback results in loss for Tronc

Buyback results in loss for Tronc: Los Angeles Times and Chicago Tribune publisher Tronc Inc. has said that a private share buyback from an outside investor in March that strengthened the position of the company’s biggest shareholder, Michael Ferro, resulted in a $3 million net loss for the firm in the first quarter.

No comments: