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Alden Proposes Purchase of Tribune Publishing

Discussion in 'Journalism topics only' started by Readallover, Dec 31, 2020.

  1. SixToe

    SixToe Well-Known Member

    So, Alden would classify only writers, photographers, videographers and editors as journalists?

    Wheeeeee. This'll be interesting to see how things play out.
  2. Deskgrunt50

    Deskgrunt50 Well-Known Member

    Heaping pile of horse shit. And a clear stall tactic that will fail.
    HanSenSE likes this.
  3. Severian

    Severian Well-Known Member

    Imagine working in a newsroom owned by Alden.
  4. Tarheel316

    Tarheel316 Well-Known Member

    I can't.
  5. Michael_ Gee

    Michael_ Gee Well-Known Member

    So that guy Bainum's bid for Tribune Publishing is higher than Alden's, but since Alden already has two seats on Trib's board the board is recommending the Alden bid. The ostensible rationale is that Alden's is an all-cash offer, but those guys are getting very close to the line, securities law-wise.
  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    I don't think it is just an empty rationale. He didn't have the financing lined up to meet his offer. According to the SEC filing, the boad recommend shareholder approval of Alden's deal, but they granted a waiver for Bainum to pursue financing for his larger bid. It's basically, "money talks, bullshit walks corporate governance."
    Last edited: Mar 24, 2021
    Readallover likes this.
  7. matt_garth

    matt_garth Well-Known Member

  8. Sam Mills 51

    Sam Mills 51 Well-Known Member

    These people cannot burn in a Hell hot enough or long enough.
  9. Deskgrunt50

    Deskgrunt50 Well-Known Member

  10. matt_garth

    matt_garth Well-Known Member

    Deskgrunt50 likes this.
  11. FileNotFound

    FileNotFound Well-Known Member

  12. Severian

    Severian Well-Known Member

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