Alden Proposes Purchase of Tribune Publishing

[matt_garth]

New Suitor May Enter Fray for Tribune Publishing

 

[ChadFelter]

New Suitor May Enter Fray for Tribune Publishing

Fingers crossed!

 

[Deskgrunt50]

New Suitor May Enter Fray for Tribune Publishing

Would be like getting the 11th hour call from the governor while on death row for Tribune.

 

[HanSenSE]

WTF?

 

[SixToe]

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

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

 

[Deskgrunt50]

WTF?

Heaping pile of horse ****. And a clear stall tactic that will fail.

 

[Severian]

Imagine working in a newsroom owned by Alden.

 

[Tarheel316]

Imagine working in a newsroom owned by Alden.

I can't.

 

[Michael_ Gee]

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.

 

[The Big Ragu]

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.

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, bull**** walks corporate governance."

 

[matt_garth]

Interesting-er.

Swiss Billionaire Joins the Bidding for Tribune Publishing

 

[Sam Mills 51]

WTF?

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

 

[Deskgrunt50]

Interesting-er.

Swiss Billionaire Joins the Bidding for Tribune Publishing

Last, best hope for Tribune journalists?

 

[matt_garth]

It’s behind a paywall, but the bid is likely to be considered superior to Alden’s.

WSJ News Exclusive | Rival Group Makes Fully Financed, Roughly $680 Million Bid for Tribune

 

[FileNotFound]

It’s behind a paywall, but the bid is likely to be considered superior to Alden’s.

WSJ News Exclusive | Rival Group Makes Fully Financed, Roughly $680 Million Bid for Tribune

Seems legit. A glimmer of hope, indeed.

 

[Severian]

It’s behind a paywall, but the bid is likely to be considered superior to Alden’s.

WSJ News Exclusive | Rival Group Makes Fully Financed, Roughly $680 Million Bid for Tribune

Wasn't there another story about Tribune taking Alden's bid regardless of the offer from other bidders? Something about an all-cash deal?

 

[Deskgrunt50]

Wasn't there another story about Tribune taking Alden's bid regardless of the offer from other bidders? Something about an all-cash deal?

Yes. But I believe that was before the new group make an official and fully financed proposal.

 

[Mr. X]

Swiss Billionaire Is Said to End His Bid for Tribune Publishing

 

[matt_garth]

Billionaires gonna billionaire. Wyss:

“ ... the combination of giving enough money to a professional staff to do the right things and putting quite a bit of money into digital will eventually make a very profitable newspaper.”

Swiss Billionaire Is Said to End His Bid for Tribune Publishing

 

[Mr. X]

Billionaires gonna billionaire. Wyss:

“ ... the combination of giving enough money to a professional staff to do the right things and putting quite a bit of money into digital will eventually make a very profitable newspaper.”

I didn't see that quote in the story I posted. Where did you find it?