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Articles tagged Tribune Publishing (35)

Despite denials, don’t be surprised if control passes from billionaire Patrick Soon-Shiong sometimes soon. But it’s not necessarily bad news.
Tribune board members acted in their own interests, not their newspaper chain’s, while Alden failed to disclose a secret investor meeting and misrepresented its cash position.
Win or lose, the hedge fund comes out richer.
It now makes more revenue from digital than from print and continues to add new subscribers at a record pace. But its brutal COVID-driven drop in advertising will be echoed all across the industry.
The hedge fund Chatham Asset Management reeled in its prize, as expected. But now what does it want to do with it?
But Alden Global Capital would be happy to lend a hand. Plus: When a standstill isn’t really a standstill.
The vulture fund may be just fine with waiting a bit longer to make its next move to consolidate the local newspaper industry. Meanwhile, newsrooms wait.
Tribune and McClatchy are both approaching critical deadlines that could lead to mergers, divisions — or even the first big nonprofit newspaper chain in the United States.
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?