Tronc Chief Clashes with Investors Over Bid from Gannett

New York Times: Chief Michael Ferro Jr. has appeared intent on keeping Tronc, whose papers include the Los Angeles Times and the Chicago Tribune, away from Gannett, but his resolve has continued to vex Oaktree, the publisher’s third-largest shareholder. Oaktree is now conducting a review into whether Ferro has been acting out of self-interest rather than doing what is best for shareholders.