The Jacksonville-based newspaper rallied June 5 in support of Gannett newsroom walk-outs in several states as the company voted to keep its current corporate leadership.
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Tribune Publishing agrees to $430Â million takeover by hedge fund
By Gerry Smith Bloomberg,Updated February 16, 2021, 7:34 p.m.
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Newspaper delivery trucks at the Chicago Tribune Freedom Center in Chicago. Staffers at Tribune Publishing have worried that Aldenâs involvement with the company might mean more newsroom cuts, especially with the pandemic triggering a decline in ad spending.Christopher Dilts/Bloomberg
Tribune Publishing Co., the owner of the Chicago Tribune and New York Daily News, agreed to be acquired by Alden Global Capital LLC for about $430 million, putting a hedge fund known for firing journalists atop one of the nationâs largest newspaper companies.