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.
The Wall Street Journal is looking for an editor to lead its coverage of logistics…
The Wall Street Journal seeks an enterprising and ambitious reporter to cover the intersection of…
The Wall Street Journal is seeking a reporter in Washington, DC, to chronicle one of…
Reuters has hired Wall Street Journal reporter Anna Hirtenstein. She will start next month. Hirtenstein has…
Caroline Gage, head of the Americas for Bloomberg News, sent the following announcement to staff:…
Forbes senior editor Amy Feldman is now covering health care. She had been covering industrial innovation and…