An Alden Global Capital push to buy Tribune Publishing is in the headlines again.
An agreement could happen this month, The Wall Street Journal reported.
New York-based Alden is Tribune’s biggest shareholder, with a 32% stake.
In December, Tribune Publishing named a special board committee of independent directors to look at the proposal. The company hasn’t released any public statements on the potential buy by the hedge fund.
The deal could yet collapse, WSJ said, citing sources familiar with the matter.
Tribune Publishing Company operates local media businesses in eight markets with titles including the Chicago Tribune and the New York Daily News.
Posts
No comments:
Post a Comment