Tronc was not immediately available for comment.
News of the sale comes amid intense upheaval at the Times, where staffers have clashed with management installed by Tronc over the paper's editorial direction.
Most recently, it won the 2016 prize for breaking news reporting for its coverage of the San Bernardino terrorist attack on a Christmas party and the ensuing pursuit of the husband and wife mass shooters.
A biotech billionaire is "close" to buying the Los Angeles Times, according to reports in the U.S. media. Tronc chose former interim editor-in-chief Jim Kirk, but the Huffington Post reported that D'Vorkin spearheaded a model that would use writers outside of the newsroom, thus creating "a shadow newsroom".
January 18, 2018: NPR airs a piece on "All Things Considered" and an accompanying story online that puts a harsh spotlight on Ross Levinsohn. Founded in 1881, the Chandler family sold to Chicago-based real estate baron Sam Zell in 2007.
Eagles superfan Bradley Cooper narrated the most intense Super Bowl hype video
The Eagles will face the New England Patriots on Sunday in the Super Bowl . Bob Parks then posted the video to his Facebook page . The video now has more than 2.7 million views.
In March 2017, Ferro increased his ownership stake to 30%. Publisher Ross Levinsohn had been on unpaid leave after revelations that he was a defendant in two sexual harassment lawsuits elsewhere.
Last month, the L.A. Times newsroom voted 248-44 to unionize and join the News Guild-Communication Workers of America.
In line with the wider news media industry, the LA Times has been struggling to build a sustainable digital business model against declining print circulation revenues.
January 24: The Columbia Journalism Review publishes a harsh feature story focued on Lewis D'Vorkin that calls him (per the headline) "LA journalism's "Prince of Darkness"". D'Vorkin will stay on with Tronc as Chief Content Officer of Tribune Interactive, the company said Wednesday. But he had declined to discuss those plans, raising suspicions among reporters, editors, photographers and producers. Much of the downsizing has come from outsourcing things like printing, packaging and distribution, but the news and advertising departments have also experienced widespread layoffs. Monday morning, he was on his way to California.
A Los Angeles doctor who also holds a large of number of shares of the LA Times' parent company is in talks to purchase the newspaper, according to multiple news outlets. Tronc had insisted The Times was key to its growth strategy given its proximity to Hollywood, technology hubs and the Pacific Rim.