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Alden closes $633 million purchase of Tribune Publishing; puts newspaper chain in debt and hedge fund president in charge

Alden Global Capital has completed its $633 million purchase of Tribune Publishing, taking the Chicago-based newspaper chain private and adding the Chicago Tribune and other major dailies to the h.....»»

Category: topSource: chicagotribuneMay 25th, 2021

Hedge fund Alden closes $633 million Tribune Publishing acquisition; newspaper chain is delisted from stock market

Alden Global Capital has completed its $633 million purchase of Tribune Publishing, taking the Chicago-based newspaper chain private and adding the Chicago Tribune and other major dailies to the h.....»»

Category: topSource: chicagotribuneMay 25th, 2021

Hedge fund Alden closes $633 million Tribune Publishing acquisition

Alden Global Capital completed its $633 million purchase of Tribune Publishing late Monday, taking the Chicago-based newspaper chain private and adding the Chicago Tribune and other major dailies to the hedge fun.....»»

Category: topSource: chicagotribuneMay 24th, 2021

Tribune Publishing shareholders to vote Friday on hedge fund Alden’s $633 million offer for Chicago-based newspaper chain

Tribune Publishing shareholders are set to vote Friday on a $633 million proposal by hedge fund Alde.....»»

Category: topSource: chicagotribuneMay 21st, 2021

Hedge fund Alden looks to buy Tribune Publishing and go private in deal valuing newspaper chain at $520 million

Hedge fund Alden Global Capital is looking to buy Trib.....»»

Category: topSource: chicagotribuneDec 31st, 2020

Maryland hotel exec racing clock to find investors for $680 million bid for Tribune Publishing, but nobody is stepping up in Chicago: source

With three weeks left until shareholders are set to vote on a deal to sell Tribune Publishing to hedge fund Alden Global Capital, Maryland hotel executive Stewart Bainum is urgently seeking Chicago investors to help buy the Chicago-based newspaper chai.....»»

Category: topSource: chicagotribuneApr 30th, 2021

Tribune Publishing ends discussions with Maryland hotel executive, moving forward with hedge fund Alden’s bid for newspaper chain

Tribune Publishing is moving ahead with plans to be acquired by Alden Global Capital and has ended discussions with a Maryland hotel executive inter.....»»

Category: topSource: chicagotribuneApr 19th, 2021

The Wall Street Journal: Rival group makes bid for Tribune Publishing that’s superior to Alden’s

A Maryland hotel magnate and a Swiss billionaire have made a bid for Tribune Publishing Co. that the newspaper chain is expected to favor over a takeover deal it already struck with hedge fund Alden Global Capital LLC......»»

Category: topSource: marketwatchApr 4th, 2021

Local newspaper cluster adds Morning Call in $630M sale of Tribune Publishing to Alden Global Capital

Tribune Publishing Co. has agreed to be sold for $630 million to Alden Global Capital, the New York hedge fund known for cutting jobs, and in many cases, newsrooms of its publications. Chicago-based Tribune (NASDAQ: TPCO), which owns the Chicago T.....»»

Category: topSource: bizjournalsFeb 17th, 2021

Hedge fund Alden Global Capital acquires stake in Tribune Publishing

Hedge fund Alden Global Capital has acquired a 25% stake in newspaper chain Tribune Publishing as the media indu.....»»

Category: topSource: usatodayNov 19th, 2019

Tribune Publishing employees hold ‘Save Local News’ rally as shareholder vote to sell to hedge fund Alden looms

Chicago Tribune newsroom employees held a rally in front of the newspaper’s printing plant May 15, 2021, hoping to sway shareholders and prevent the sale of Tribune P.....»»

Category: topSource: chicagotribuneMay 16th, 2021

Tribune Publishing employees hold 11th hour ‘Save Local News’ rally as shareholder vote to sell to hedge fund Alden looms

Chicago Tribune newsroom employees held a rally in front of the newspaper’s printing plant Saturday hoping to sway shareholders and prevent the sale of Trib.....»»

Category: topSource: chicagotribuneMay 16th, 2021

The hedge fund set to buy Tribune Publishing mismanaged employees’ pensions, federal investigators found

Alden Global Capital admitted no wrongdoing but agreed to pull employees’ pension money out of its own funds and pay them $20.7 million, agency said in 2019 decision......»»

Category: topSource: washpostApr 23rd, 2021

Tribune Publishing proposes $630-million sale to hedge fund Alden Global Capital

Chicago-based Tribune Publishi.....»»

Category: topSource: latimesFeb 17th, 2021

The Wall Street Journal: Hedge fund Alden Global Capital to buy rest of Tribune Publishing

A New York hedge fund that is the largest shareholder in Tribune Publishing Co. has reached a deal to acquire the rest of the newspaper company which owns some of the biggest papers in the country, including the Chicago Tribune and New York Daily News......»»

Category: topSource: marketwatchFeb 16th, 2021

Hedge fund Alden to buy Tribune Publishing in deal valued at $630 million

Tribune Publishing, publisher of the Chicago Tribune and other major new.....»»

Category: topSource: chicagotribuneFeb 16th, 2021

Hedge fund Alden’s bid to buy Chicago Tribune, other papers approved by Tribune Publishing shareholders

Tribune Publishing shareholders voted Frid.....»»

Category: topSource: chicagotribuneMay 21st, 2021

Tribune Publishing sets May 21 shareholder vote on Alden merger

Tribune Publishing set a May 21 date for shareholders to vote on whether to accept hedge fund Alde.....»»

Category: topSource: chicagotribuneApr 20th, 2021

Tribune Publishing sticking with Alden offer for now over bid by Maryland businessman and Swiss billionaire

Tribune Publishing’s board of directors continues to recommend shareholders approve a buyout of the company by a New York hedge fund even as it considers a higher offer from a Maryland b.....»»

Category: topSource: chicagotribuneApr 14th, 2021

New suitor may enter fray for Tribune Publishing

New York hedge fund Alden Global Capital may have to fend off a new suitor for Tribune Publishing.New York hedge fund Alden Global Capital may have to fend off a new suitor for Tribune Publishing......»»

Category: worldSource: nytMar 14th, 2021

Hedge fund Alden Global looks to buy Tribune Publishing, WSJ reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallDec 31st, 2020