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Tribune says Swiss billionaire Hansjoerg Wyss walks away from buyout bid


The Globe and Mail
Reuters
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Tribune Publishing Co said on Monday Swiss billionaire Hansjoerg Wyss had decided to leave a group that had made a $680 million approach for the owner of the Chicago Tribune and the New York Daily News.
The bid from Newslight LLC, which Wyss had earlier been a part of, will no longer be expected to lead to a “superior proposal,” Tribune said in a statement. ....

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Swiss billionaire ending his bid for Tribune Publishing, sources say


The Globe and Mail
Katie Robertson
TNS/ABACA/Reuters
Swiss billionaire Hansjorg Wyss, who seemingly came out of nowhere last month to make a serious offer for Tribune Publishing, a major newspaper chain, has decided to take himself out of the bidding, according to three people with knowledge of the matter.
Two of the people said the decision came about in recent days, after Mr. Wyss’s associates examined the Tribune’s finances as part of a due diligence process.
The two people added that Mr. Wyss had come to believe it would be difficult for him to realize his ambition of transforming the Chicago Tribune – the company’s flagship paper and the one he was most interested in – into a national publication. The three people with knowledge of the matter spoke on condition of anonymity because they were not authorized to discuss the deal publicly. ....

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Detailed text transcripts for TV channel - CNN - 20161214:04:11:00

And that will feel like a step back for folks for good reason. the interesting thing is and i wanted to get the names correct a lot of the people who he s chosen to lead these agencies have spoken out against the very agencies they ve been chosen to lead. rick perry said the energy department should be eliminated. ben carson spoke out against public housing initiatives at housing and urban development. his pick for epa fought against their regulations as well. are these agencies going to be gutted? . look, the kind of individuals that have spoken out against agencies but then say yes they would be happy to run one and what comes to my mind as a veteran of the bush administration is john bolton who wyss a strong opponent of the u.n. but went to be u.n. ambassador. he found he couldn t take floors off the building. could i finishly point. just say yes, dear. you get reform-minded individual in place who end up to the less happiness codifying the necessity of that institutio ....

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