#Tribune posts 1Q profit, cancels earnings call as buyout looms

#Tribune posts 1Q profit, cancels earnings call as buyout looms

“#Tribune posts 1Q profit, cancels earnings call as buyout looms” Tribune Publishing posted a first-quarter profit but canceled its earnings call, citing the imminent completion of a deal to take the newspaper giant private. The publisher of nine dailies — including the Chicago Tribune, the New York Daily News, the Hartford Courant and the Baltimore…

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#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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#2nd deep-pocketed white knight joins bid for Tribune Publishing

#2nd deep-pocketed white knight joins bid for Tribune Publishing

“#2nd deep-pocketed white knight joins bid for Tribune Publishing” A Swiss-born billionaire has become the latest white knight to seek to wrestle control of Tribune Publishing from cost-cutting hedge fund Alden Global Management. Hansjorg Wyss, former CEO of medical device manufacturer Synthes who resides in Wyoming, told the New York Times he’s teaming up with…

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