Tribune Publishing is Mum on Potential Sale to Alden Global Capital

Posted

A spokesman for Tribune Publishing, owner of the Chicago Tribune, declined to comment Thursday on a report it is discussing a sale to its largest shareholder, Alden Global Capital.

The Wall Street Journal, citing sources, said a deal could be reached this month. Alden, holder of a 32% stake in Tribune, offered to buy the company in December for $14.25. On Dec. 31, Tribune said it appointed a committee of independent directors to evaluate the terms, but it has not furnished comments since then.

Click here to read more.

Comments

No comments on this item Please log in to comment by clicking here