Another nudgy shareholder just surfaced to complain that the present management of Tribune Publishing isn’t up the job of running the company.
Towle adds its voice to that of Oaktree Capital, which has made its lack of faith in Ferro crystal clear, and until the other day was Tribune’s second largest investor, behind Ferro. But this week Ferro unveiled a new ally: biotech billionaire Patrick Soon-Shiong of Los Angeles has supplanted Oaktree at number two by making a $70.5 million investment. “I’ve come to know Michael,” said Soon-Shiong. “We’re completely aligned in transforming the company from a newspaper company into a technology and content company.”
