Tribune Publishing is moving ahead with plans to be acquired by Alden Global Capital and has ended talks with Maryland hotel executive Stewart Bainum, who was also interested in purchasing the Chicago-based newspaper chain.
Swiss billionaire Hansjörg Wyss has also pulled out of a bid to buy Tribune Publishing.
Due to this, the Wyss/Bainum entity known as Newslight is not expected to lead to a “superior proposal” to the $633 million offered by Alden. Tribune Publishing said it is ending talks with Bainum and going ahead with the hedge fund’s proposal.
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…
Members of the CoinDesk editorial team have sent a letter to the CEO of its…