Monday, March 19, 2018

Michael Ferro retires after negotiating $500 million L.A. Times sale to local owners

Justin Dearborn Named Chairman of tronc, Inc. Board


CHICAGO, Mar 19, 2018 (GLOBE NEWSWIRE via COMTEX) --
Justin Dearborn, chief executive officer of tronc, Inc., has been named chairman of the board of tronc. Michael Ferro is retiring from the board of directors as the company prepares to close on the $500 million sale of the Los Angeles Times to local ownership. 
In recent weeks, Ferro has discussed with his fellow board members and the management team his desire to retire as chairman in connection with the closing of the Times transaction.
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