Tribune Publishing

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Hedge Fund Takes Tribune, Giving It $278M in Debt

Alden had said it had enough cash for the deal

(Newser) - Alden Global Capital closed its deal for Tribune on Monday. The hedge fund wasted little time installing new leadership and saddling the newspaper chain with $278 million in debt it took on for the acquisition, according to regulatory filings. Alden, which owns the MediaNews Group newspaper chain and is the...

Tribune Deal Alarms Journalists
Tribune Deal 
Alarms Journalists

Tribune Deal Alarms Journalists

Newspaper publishing company agrees to be purchased by hedge fund

(Newser) - The newspaper publisher Tribune has agreed to be sold to Alden Global Capital, a hedge fund known for cutting costs and eliminating newsroom jobs, in a deal valued at $630 million. Tribune Publishing Co., which owns the Chicago Tribune, the New York Daily News, the Baltimore Sun, and other newspapers,...

Several Big Newsrooms Are Closing
Several Big
Newsrooms
Are Closing

Several Big Newsrooms Are Closing

Tribune Publishing shuts them down amid current remote work environment

(Newser) - Could COVID-19 kill the traditional newsroom? Amid the remote work environment sparked by the coronavirus pandemic, Tribune Publishing is closing the offices of five of its newspapers, NBC News reports. They include the Daily News in New York City, the Orlando Sentinel in Florida, and two Maryland newspapers, including the...

Virus Attack Hobbles Major US Newspapers

Tribune Company hit by computer virus, resulting in slimmed-down or canceled newspapers

(Newser) - A computer virus hit newspaper printing plants in Los Angeles and at Tribune Publishing newspapers across the country, disrupting production of the Chicago Tribune and its other newspapers. The print edition of the Chicago Tribune was published Saturday without paid death notices and classified ads, reports the AP , while in...

Nation's Richest Doctor Set to Make Big Media Buy

Patrick Soon-Shiong expected to pay $500M for the LA Times

(Newser) - The Los Angeles Times is on the verge of a sale that would take it from its Chicago-based parent company and put it in the hands of a local billionaire doctor, a person with knowledge of the deal tells the AP . Dr. Patrick Soon-Shiong is expected to pay Tronc Inc....

Tribune Publishing Is Now Calling Itself 'tronc'

It's becoming 'a content curation and monetization company'

(Newser) - It might sound like a French expletive or a new musical craze sweeping the South, but "tronc" is the brand new name of Tribune Publishing, owner of newspapers including the Chicago Tribune and the Los Angeles Times. The company—which is abandoning both the 169-year-old Tribune moniker and, apparently,...

Gannett: Tribune Won't Play Ball, So We're Revealing $815M Bid

'USA Today' owner is looking to acquire the Tribune Publishing Company

(Newser) - On April 12, USA Today owner Gannett made a private offer to Tribune Publishing: We want you, for roughly $815 million, or $12.25 per share. USA Today's own report on the offer notes that at $12.25 a share, Gannett is offering a 63% premium over Friday's...

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