Hints and tips:
...The US hedge fund has agreed to buy the venerable Tribune Publishing for $630m....
...The company has been on a shopping spree of local newspapers — the latest being a deal to buy the remainder of Tribune Publishing it doesn’t already own (Alden currently holds a 31.6 per cent stake) for...
...One thing to start: Tribune Publishing’s board has recommended shareholders back a takeover offer by hedge fund Alden Capital rather than a higher offer from a Baltimore-based hotel magnate who wants to...
...Publishing (Wall Street Journal) McKinsey loses lawsuit over property charges (FT) GameStop mania is focus of federal probes into possible manipulation (WSJ) Platinum Equity walks away from Marston’s...
...The FT is publishing a selection of the documents....
...Earlier this month Vogue-owner Condé Nast put three of its best known titles up for sale — Bride, Golf Digest and W — while Chicago Tribune-publisher Tronc has held negotiations on a deal to sell the company...
...Online readers in countries subject to the European Union’s new General Data Protection Regulation lost access to websites owned by American publishing company Tronc, which also include the New York Daily...
...On Wednesday, the company formerly known as Tribune Publishing confirmed it is selling the Los Angeles Times, its flagship property, and some other assets to biotech billionaire Patrick Soon-Shiong for $590m...
...The billionaire paid $70.5m for an initial 13 per cent stake in the company, formerly known as Tribune Publishing....
...Tronc, formerly known as Tribune Publishing, is not paying any cash for the newspaper, but is assuming its operational and pension liabilities....
...The moves come as Tronc, formerly known as Tribune Publishing, has struggled in recent years through management changes, failed dealmaking attempts and industry-wide disruptions that have reverberated across...
...Aside from Tribune there are several possible consolidation candidates — companies with large station portfolios that could combine with rivals. These include CBS, Walt Disney, Univision and Comcast....
...Shares in Tribune Publishing jumped more than 16 per cent on Monday after it was revealed that more than 40 per cent of the company’s shareholders withheld support for its board, which has tried to block...
...Tribune is best known for the Los Angeles Times and Chicago Tribune. Both companies have already spun off their local television station units into listed companies untainted by newsprint....
...Shares in Tribune Publishing, which have climbed nearly 20 per cent so far this year, advanced 4.4 per cent in extended trading....
...The company first made an approach for Tribune on April 12 and was refused....
...Gannett has raised its all-cash offer to $15.00 per share from an earlier $12.25 – which valued Tribune at $815m – but was rejected by the company’s board earlier this month....
...Tribune Publishing has accused Gannett, the publisher of USA Today, which on Monday put forward an unsolicited cash bid for Tribune, of “playing games”....
...Tribune’s chief executive, Justin Dearborn, said: We are committed to completely transforming Tribune Publishing and Dr. Soon-Shiong is a tremendous addition to those efforts....
...A California billionaire who has long coveted the Los Angeles Times has acquired a 13 per cent stake in Tribune Publishing, its parent company, which is being stalked by rival Gannett, the owner of USA Today...
...One of Tribune Publishing’s shareholders is suing the company’s board for “breach of fiduciary duty” in light of chairman Michael Ferro’s moves to block a takeover by rival Gannett, the owner of USA Today...
...Tribune Media shed its publishing business – home to papers such as the Los Angeles Times and the Chicago Tribune – through a spinoff just 18 months ago....
...Mr Griffin joined Tribune Publishing in 2014. Under his tenure, the company bought the San Diego Union-Tribune and expressed interest in bidding for other papers in southern California....
...Tribune shed its publishing business, which includes papers such as the Los Angeles Times and the Chicago Tribune, through a spin-off 18 months ago....
...Total advertising revenues fell 12.4 per cent in the last quarter at Tribune Publishing, owner of a portfolio of newspapers that includes the Los Angeles Times and Chicago Tribune....
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