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Newsonomics: The McClatchy auction ends not with a bang, but only more whimpers
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Articles tagged Tribune Publishing (31)

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?
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?