Tronc Large Shareholders Boost Shares in Newspaper Chain

Chicago Tribune: Tronc’s two largest shareholders have gone on a buying spree since Gannett walked away from a deal to acquire the Chicago-based newspaper chain. In multiple transactions during the past six weeks, Michael Ferro and Patrick Soon-Shiong have acquired nearly 2 million shares combined of Tronc’s stock at a steep discount to Gannett’s last offer for the company.