Tag Archives: Merrick Capital

Sad Soon-Shiong(Says So Much)- Fight For Control Of Tronc(TRNC) Intensifies

By |
2 Comments

In discussing what became Tronc’s(TRNC) failed bid for Us Weekly, we mentioned that LA billionaire  and Tronc Vice Chairman Dr. Patrick Soon-Shiong was not being renominated to Tronc’s Board.  At the time we speculated as to why this was and whether it signified a rift between former allies Soon-Shiong and Tronc Chairman Michael Ferro, Jr. Subsequent event have… Read More »

Will New Management And Cash Save Tribune Publishing?

By |
1 Comment

Tribune Publishing (TPUB), a 2014 spinoff from Tribune Media, received a large cash infusion of over $44m from Chicago entrepreneur Michael Ferro last week week in exchange for 5.2m shares. Mr. Ferro will become TPUB’s largest shareholder with ~16.6% of the shares and will join the company’s Board of Directors, replacing Eddy Hartenstein as Executive Chairman. Interestingly, Mr. Ferro… Read More »