Tribune Publishing is moving forward with plans to be acquired by Alden Global Capital and has ended discussions with a Maryland hotel executive interested in purchasing the Chicago-based newspaper chain.
In a Monday morning news release, Tribune Publishing said it was notified Saturday that Swiss billionaire Hansjörg Wyss had pulled out of a fully financed nonbinding offer of $680 million for the company made with Choice Hotels Chairman Stewart Bainum.
Comments
No comments on this item Please log in to comment by clicking here