Justin Dearborn, chief executive officer of tronc, Inc., has been named chairman of the board of tronc. Michael Ferro is retiring from the board of directors as the company prepares to close on the $500 million sale of the Los Angeles Times to local ownership. Dearborn was appointed CEO of tronc in February 2016 after leading Merge Healthcare as its CEO through a period of sustainable growth until its acquisition by IBM in October of 2015 for $1 billion.