Thursday, December 13, 2018

Michael Ferro

Robert Feder has this story in his column this morning, and it caught my attention...

As if it were possible to think any less of Michael Ferro, a bombshell report Wednesday claimed the former chairman of Tribune Publishing was heard making an anti-Semitic slur to a gathering of company executives. NPR reported that Ferro was caught on tape referring to California billionaire Eli Broad as part of a “Jewish cabal” that ran Los Angeles. NPR’s David Folkenflik reported that Tribune Publishing made secret payments of more than $2.5 million to keep a former publisher and editor of the Los Angeles Times from disclosing Ferro’s comments. Recent financial reports show Ferro’s infamous $15 million “consulting fee” on his way out was reduced by $2.5 million to $12.5 million in the second quarter this year, according to NPR. Ferro resigned as chairman in March, hours before sexual harassment accusations against him were published. But he remains the largest shareholder of the Chicago Tribune’s parent company (which he’d earlier stuck with the hideous name tronc). A spokesman for Ferro denied he made the slur. Tribune Publishing declined to comment.

Alleged anti-Semite, alleged sexual harasser, AND terrible company namer is the largest shareholder of the Tribune's parent company. I'm sure they are very proud.