Billionaire bidder for Tribune Publishing draws scrutiny over political activism Thomas Moore © Getty Images Billionaire bidder for Tribune Publishing draws scrutiny over political activism
Swiss billionaire Hansjörg Wyss, one of the co-bidders for Tribune Publishing, has an extensive history of political activism that is raising concerns that his ownership of the company could slant its reporting, The New York Times reported Tuesday.
Last week, Wyss joined Stewart Bainum, chairman of Choice Hotels, in making an offer to purchase Tribune Publishing, competing with a previous bid made by hedge fund Alden Global Capital.
The move comes six years after Wyss launched The Hub Project, an expressly political entity created by one of his charitable organizations, the Wyss Foundation. According to the mission statement, the project builds coalitions and provides resources, capacity, infrastructure, and expertise to partners in the progressive movement.
Hansjörg Wyss, a top bidder for Tribune Publishing, is influential liberal donor
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Swiss billionaire Hansjörg Wyss, now a top bidder for Tribune Publishing, is an influential liberal donor
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Top Bidder for Tribune Newspapers Is an Influential Liberal Donor
The Swiss billionaire Hansjörg Wyss helped build a sophisticated behind-the-scenes operation that attacked Republicans and promoted Democratic causes.
Hansjörg Wyss was honored in 2019 at Harvard for his donations to the university.Credit.Tony Rinaldo
April 13, 2021Updated 7:10 p.m. ET
WASHINGTON Long before he emerged as a potential champion of journalism with his bid for Tribune Publishing, the Swiss billionaire Hansjörg Wyss quietly created a sophisticated political operation to advance progressive policy initiatives and the Democrats who support them.
The organization, called The Hub Project, was started in 2015 by one of Mr. Wyss’s charitable organizations, the Wyss Foundation, partly to shape media coverage to help Democratic causes. It now has 60 employees, according to its website, including political organizers, researchers and communications specialists. Mr. Wyss and his charitable foundation are