Results 21 - 30 of about 527: 
Ryan Ori / Chicago Tribune:
Filing: Tribune Publishing has terminated eight leases since March; sources: the company is in talks for a buyout of its Prudential Plaza 137K-square-foot lease   —  The Chicago Tribune's offices could be on the move for the second time in less than three years, as the newspaper's parent company seeks …
Aug 7, 2020, 8:20 AM - In context

Tribune Publishing reports Q2 net income of $1.6M on revenue of $183.1M, which is down 26.9% YoY; ad revenue fell 48.1% YoY and digital-only subs rose 39.7% YoY   —  Exceeded previous guidance for 2nd Quarter Revenues and 2nd Quarter Adjusted EBITDA  —  Digital content revenues and subscribers increased 40% year-over-year
Aug 5, 2020, 5:19 PM - In context

Robert Channick / Chicago Tribune:
Tribune Publishing's board has adopted a “poison pill” plan to thwart any potential hostile takeover, after Alden's co-founder Randall Smith joined the board   —  The Tribune Publishing board adopted a so-called “poison pill” plan Monday to thwart any potential hostile takeover of the company.
Jul 28, 2020, 4:05 PM - In context

Rick Edmonds / Poynter:
Top executive compensation at public newspaper companies Gannett, McClatchy, NYT, Tribune, GateHouse was in the seven figures this year, even as many execs left   —  Another year, another disconnect in how newspaper companies performed financially and what CEOs and other top executives took home in their pay envelopes.
Jul 24, 2020, 5:45 PM - In context

Rick Edmonds / Poynter:
As hedge funds own more local newspaper chains, many advocate the alternative of local ownership, but past deals show it comes with mixed results at a high cost   —  A number of barriers make prying newspapers away from hedge fund-owned chains difficult.  Even when it happens, local ownership doesn't cure all woes.
Jul 21, 2020, 12:05 PM - In context

Ken Doctor / Nieman Lab:
As the McClatchy deal closes, investment companies Alden, Fortress, and Chatham will control almost 45% of total daily newspaper circulation in the US   —  The hedge fund Chatham Asset Management reeled in its prize, as expected.  But now what does it want to do with it?
Jul 13, 2020, 3:20 PM - In context

Robert Channick / Chicago Tribune:
Chicago media orgs rethink business models and look for alternative funding during the pandemic: “There's never been a more challenging time for newsrooms”   —  The COVID-19 pandemic has taken a toll on Chicago media.  —  From furloughs and layoffs to ceasing operations …
Jul 13, 2020, 7:15 AM - In context

Profile of Evan Brandt, a reporter at The Mercury in Pottstown, PA, who once dropped by the home of Alden Global Capital's head to ask about value of local news   —  His newspaper has withered under a hedge fund.  His industry was in turmoil even before a pandemic.  But Evan Brandt won't stop chronicling his town.
Jul 10, 2020, 3:35 PM - In context

Ken Doctor / Nieman Lab:
Sources: the Knight Foundation considered making a bid for McClatchy but dropped out as it decided that the risk it would take on was too great   —  But Alden Global Capital would be happy to lend a hand.  Plus: When a standstill isn't really a standstill.  —  The bids are in, and the bankruptcy auction is now on.
Jul 6, 2020, 1:00 PM - In context

Robert Channick / Chicago Tribune:
Tribune Publishing adds Alden Global Capital's co-founder, Randall Smith, to board, giving Alden 3 of 7 seats, and caps Alden's stake at 33% for another year   —  Tribune Publishing has struck a deal with its largest shareholder, Alden Global Capital, that adds the hedge fund's co-founder …
Jul 1, 2020, 10:20 PM - In context

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