So a tip of the cap today to Ferro, who will soldier on through 2020 with $5 million annually to his consulting firm while tronc’s journalists grapple with the path of destruction he wrought. Nice work if you can get it.


Update, 4:22 p.m.: Ferro’s candidacy for worst media boss has been retroactively bumped up the rankings. On Monday afternoon, Fortune reported on-the-record accounts by two women who say that the investor forced himself on them in late-night meetings scheduled under the pretense of doing business. Fortune’s Kristen Bellstrom and Beth Kowitt write:

Fortune reached out to Ferro last week with the details of both women’s accounts. Through a spokesman, he declined to be interviewed and did not address or dispute any of the specific allegations made by [Kathryn] Minshew and [Hagan] Kappler or others in this story.

Today Ferro’s spokesman provided this statement to Fortune: “Over more than 20 years of leading public companies and other enterprises, Michael Ferro has never had a claim filed against him nor a settlement made on his behalf. Your on-the-record allegations appear to involve private conduct with private individuals who were not employees of tronc or any other company he ran. As recently announced, Mr. Ferro has retired back to private life after leading a financial turnaround of tronc as the non-executive chairman. There will, therefore, be no other comment.”


It appears for now that tronc’s $5 million a year allowance to Ferro’s consulting firm will continue. Last month, the company also reinstated digital executive Ross Levinsohn after an internal investigation into harassment allegations at his previous jobs.