Wyss, Slaine to put up bid to rival Alden's play for Tribune Publishing

Tribune Publishing has a new suitor: Swiss billionaire Hansjorg Wyss, The New York Times reports. 

Wyss, former CEO of medical device maker Synthes, said last week that he would partner with Maryland hotel mogul Stewart W. Bainum Jr. to bid for Tribune Publishing, the Times said.

Tech investor Mason Slaine informed The Wall Street Journal he's game to add $100 million to the Bainum/Wyss bid. Slaine owns a 3.4% stake in Tribune and would add the money to buy the Orlando Sentinel and the Sun Sentinel in Fort Lauderdale, said the WSJ.

Their bid would compete with a bid from New York hedge find Alden Global Capital, which currently owns around 32% of Tribune shares.

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