#Tribune Publishing sets date for vote on Alden bid

#Tribune Publishing sets date for vote on Alden bid

“#Tribune Publishing sets date for vote on Alden bid” Time is rapidly running out for hotel mogul Stewart Bainum to play white knight for the New York Daily News and other newspapers in the Tribune empire. The special committee overseeing competing bids to buy the publisher have set May 21 as the date for shareholders…

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#LA Times suffered ‘catastrophic’ COVID losses

#LA Times suffered ‘catastrophic’ COVID losses

“#LA Times suffered ‘catastrophic’ COVID losses” The Los Angeles Times and San Diego Union Tribune suffered a revenue loss of more than $50 million in 2020 as the coronavirus pandemic squeezed its already struggling business, an executive for the parent company California Times told staffers on Thursday. In a virtual town hall meeting Thursday, California…

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#News Corp. to buy Investors Business Daily for 5M

#News Corp. to buy Investors Business Daily for $275M

“#News Corp. to buy Investors Business Daily for $275M” News Corp. on Thursday said it has agreed to buy Investors Business Daily for $275 million, a deal that will beef up the company’s portfolio of financial news publications. IBD, which is being sold by O’Neil Capital Management, will continue with its 130 employees headquartered in…

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#LA Times receives  million PPP loan

#LA Times receives $10 million PPP loan

“#LA Times receives $10 million PPP loan” The Los Angeles Times revealed late Tuesday it is receiving a $10 million loan from the Paycheck Protection Program — the maximum allowed under a series of federal bailouts designed to help businesses devastated by the pandemic. LA Times owner Dr. Patrick Soon-Shiong and the paper’s president, Chris…

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#Asbury Park Press runs photo caption of ‘f–king hot nurse’

#Asbury Park Press runs photo caption of ‘f–king hot nurse’

“#Asbury Park Press runs photo caption of ‘f–king hot nurse’” Gannett’s Asbury Park Press, the third-largest daily newspaper in New Jersey, sparked outrage over the weekend when it published a photo caption of “a f–king hot nurse” administering a COVID vaccine. The offensive caption also called the unidentified nurse “a total JAP,” adding racism to…

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