Chicago tech billionaire Michael Ferro, the largest shareholder of Tronc (owners of the Los Angeles Times, Chicago Tribune and, most recently, the New York Daily News) has entered into an agreement with Tribune Publishing Co. to receive a payout of $5M in the first quarters of 2018, 2019 and 2020 as a consultant through his Merrick Ventures LLC . He is, in essence, paying himself $15 million. This comes after h…
SOURCE: Deadline at 05:00PM on December 24, 2017