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Articles tagged Tribune Publishing (27)

Will Chatham Asset Management, the hedge fund set to gain control of the company, want to operate it after bankruptcy? Or will it look to cash out via merger as quickly as possible?
By selling Berkshire Hathaway’s newspapers to Lee Enterprises, the world’s most successful investor is acknowledging the industry’s downhill slide is not near an end.
The news industry’s own Doctor Octopus has stuck its tentacles deep into another newspaper chain — and it’s unlikely to be dislodged anytime soon.
“We are animated by a serious concern for the future of journalism as a public good and a valuable commodity.”
What was once expected to be $200 million in annual cost savings has now grown to $400 million or more. But how much blood is left to be drawn from this stone?
Exclusive podcasts, tightened paywalls, and just plain asking each played a part.
Tribune Publishing wants to sell at a higher price, but it will likely have trouble finding someone willing to pay it.