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“#Unexpected white knight emerges for Tribune Publishing” The plot thickens around the future of Tribune Publishing owner of Chicago Tribune, the New York Daily News and others papers. In the latest twist, biotech billionaire Dr. Patrick Soon-Shiong, the LA times owner with a 24-percent stake in Tribune, dashed any lingering hope that he’d emerge as…
“#John Catsimatidis ponders another run at New York Daily News” Panicked supporters of the New York Daily News are desperately searching for a local billionaire to save the 101-year-old tabloid from the clutches of Alden Global Capital, Media Ink has learned. Sources say people close to the paper scanning their rolodexes for potential buyers have…
“#Tribune Publishing, owner of New York Daily News, sold to hedge fund” Tribune Publishing, parent company of the New York Daily News and the Chicago Tribune, has been acquired by its largest shareholder, Alden Global Capital, which will take the publicly traded company private in a deal valuing Tribune at $630 million. The definitive agreement…
“#Hedge fund’s bid to buy rest of Tribune Publishing met with resistance” The hedge fund trying to take over Tribune Publishing — owner of the Chicago Tribune, the New York Daily News and seven other newspapers — is running into strong resistance from a union representing its journalists as well as some shareholders. Alden Global…
“#Hedge fund Alden Global Capital offers to buy Tribune Publishing” Hedge fund Alden Global Capital, the largest shareholder of Tribune Publishing, publisher of the New York Daily News, has offered to buy the rest of the newspaper publisher at a price that values it at $520.6 million. Alden sent a letter to Tribune on Dec….
“#Sports reporter Manish Mehta out at Daily News amid scandal” The New York Daily News sports writer who reportedly had his New York Jets press credentials yanked for ‘stalking’ the general manager’s son has been cut from the team, The Post has learned. “Manish Mehta is no longer with New York Daily News. Coverage of…
“#House homeless in Daily News offices” One Democratic mayoral hopeful has a novel idea for easing the city’s homeless crisis — housing them in the vacated offices of the Daily News. The tabloid shuttered its office space at 4 New York Plaza in August amid ongoing concerns over COVID-19. Its staff now works remotely. “There are…
“#Jim Dwyer, veteran columnist and Pulitzer Prize winner, dead at 63” Pulitzer-prize winning journalist Jim Dwyer died on Thursday, leaving as his legacy four decades of stories about life in New York. Dwyer — whose career spanned the the New York Daily News, New York Newsday and most recently the New York Times — was…