Tronc Chief Ups Stake to Nearly 25 Percent of Company

Chicago Tribune: Tronc chairman Michael Ferro has increased his stake in the company to nearly 25 percent — the maximum he can own — with the purchase of an additional 2.5 million shares \from a New York hedge fund.Ferro and his Merrick Venture Management paid $15 per share, or $37.5 million, to acquire the shares.