Tronc Inc. (NYSE:TRNC): Patrick Soon-Shiong Makes Another Purchase

Page 2 of 5 – SEC Filing


CUSIP No. 89703P107 SCHEDULE 13D/A PAGE
2
OF 5 PAGES

This Amendment No. 6 amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the
SEC) on August 14, 2014, as amended by that certain Amendment No. 1 filed with SEC on May 6, 2016, that certain Amendment No. 2 filed with the SEC on May 18, 2016, that certain Amendment No. 3 filed
with the SEC on May 23, 2016, that certain Amendment No. 4 filed with the SEC on June 3, 2016, and that certain Amendment No. 5 filed with the SEC on June 13, 2016 (collectively, this Schedule 13D), by
(i) Oaktree Tribune, L.P., a Delaware limited partnership, (ii) Oaktree AIF Investments, L.P., a Delaware limited partnership, (iii) Oaktree AIF Holdings, Inc., a Delaware corporation, (iv) Oaktree Capital Group Holdings, L.P., a
Delaware limited partnership, (v) OCM FIE, LLC, a Delaware limited liability company, (vi) Oaktree Fund GP, LLC, a Delaware limited liability company, (vii) Oaktree Fund GP I, L.P., a Delaware limited partnership, (viii) Oaktree
Capital I, L.P., a Delaware limited partnership, (ix) OCM Holdings I, LLC, a Delaware limited liability company, (x) Oaktree Holdings, LLC, a Delaware limited liability company, (xi) Oaktree Capital Group, LLC, a Delaware limited
liability company, and (xii) Oaktree Capital Group Holdings GP, LLC, a Delaware limited liability company (collectively, the Reporting Persons), with respect to the common stock, par value $0.01 per share (the Common
Shares
) of tronc, Inc., a Delaware corporation (the Issuer).

The filing of any amendment to this Schedule
13D (including the filing of this Amendment No. 6) shall not be construed to be an admission by the Reporting Persons that a material change has occurred in the facts set forth in this Schedule 13D or that such amendment is required under Rule 13d-2 of the Securities Exchange Act of 1934, as amended.

ITEM 4. PURPOSE OF TRANSACTION.

Item 4 of this Schedule 13D is hereby amended to include the following
information:

As described in the amendment to Item 6 included below, Oaktree Tribune, L.P. has entered into an agreement to sell certain Common Shares.
The amendment to Item 6 below is incorporated herein by reference.

As the Reporting Persons have previously stated, they are prepared to sell their
Common Shares for an appropriate price in relation to their view of the Issuers prospects, market conditions and the availability of strategic transactions. The Reporting Persons expect to continue to explore additional opportunities to sell
any or all of their Common Shares in the future.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF
THE ISSUER.

Item 6 of this Schedule 13D is hereby amended to include the following information:

On February 28, 2017, Oaktree Tribune, L.P. entered into an agreement to sell 950,000 Common Shares to Patrick Soon-Shiong and/or an affiliate thereof
(Buyer) at a price of $14.60 per share for an aggregate purchase price of $13,870,000 (the Sale). Consummation of the Sale is conditioned upon expiration or early termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to Buyers acquisition of shares contemplated by the Sale.

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