Dear colleagues,
This afternoon Merrick Media, LLC, which is controlled by Michael W. Ferro, filed an amendment to its Schedule 13D filing in which it announced that it had entered into a definitive agreement to sell all of its shares in tronc, Inc. to McCormick Media LLC in a transaction to which tronc, Inc. was not a party. I want to emphasize that this is a private transaction between Merrick and the buyer and does not alter our business strategy or the pending sale of the California News Group.
Best,
Justin Dearborn
Chairman and Chief
Executive Officer
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