Back to the Library
Jenner & Block represented Merrick Media, LLC, and its chairman and chief executive officer, Michael W. Ferro, Jr., in purchasing 5,220,000 shares of common stock of the Tribune Publishing Company for $44.4 million in a private placement. The Tribune Publishing will use the proceeds to pursue strategic acquisitions and digital initiatives, according to a press release. The private placement closed on Wednesday, February 3. As part of the transaction, Mr. Ferro joined the Tribune Publishing Board of Directors as its non-executive chairman.