Mason Slaine, ex-CEO of Thomson Financial, has purchased a
7% stake in Tribune Publishing, the Chicago Tribune reported. With the buy, the Florida-based
Slaine is the third-largest shareholder in the company.
Tribune
Publishing’s stock closed at an all-time low of $5.50 per share last Wednesday,
and Slaine may be looking to add to his buy, the paper said.
“I like the
business,” Slaine said. "I think it’s an opportunity to be an investor at
a good price and participate. I’ll probably buy more if the stock stays cheap.”
Slaine laid
out nearly $14 million to purchase 1.58 million shares of Tribune Publishing
stock between Feb. 3 and March 17, according to an SEC filing.
News and Tech
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