Former Tronc chairman Michael Ferro accused of inappropriate conduct

Former Tronc chairman Michael Ferro. Photo: David Paul Morris/Bloomberg via Getty Images

Two women are accusing former Tronc chairman Michael Ferro of making inappropriate advances toward them, Fortune reports.. This comes just hours after announcing his retirement from the company.

Why it matters: Some were calling into question the timing of Ferro's retirement, as Tronc is currently in the process of finalizing the $500 million sale of the Los Angeles Times and the San Diego Union-Tribune. Fortune reached out to Ferro last week with the details of both women's accounts, but he declined to be interviewed.