tribune publishing
NY Daily News editor-in-chief Robert York out in surprise shakeup
The New York Daily News ousted its top editor in an unexpected shakeup on Monday, with insiders blaming ruthless cost-cutting by the paper's new hedge-fund owner. The 102-year-old paper said...
New owner of NY Daily News mulling bankruptcy: source
The new owner of the New York Daily News is mulling a possible Chapter 11 bankruptcy filing for the New York City tabloid, a source tells Media Ink. "It is...
Buyout fallout: Tribune slashes pages 20 percent, sets early deadlines
Tribune Publishing's newspapers including the New York Daily News and the Chicago Tribune this week found out what a new round of staffing cuts will mean for deadlines and the...
Tensions rise for Daily News owner as 11 dailies join NewsGuild
Heath Freeman, president of the New York Daily News-owning hedge fund Alden Global Capital, may soon be sporting a moniker he is likely to detest: top union organizer in the...
Union turmoil erupts at Daily News owner as hedge fund pushes buyouts
Tribune Publishing is asking all of its full-time editorial staffers to consider voluntary buyouts at all nine major metro dailies in the chain, which is now controlled by the cost-slashing...
Daily News spinoff stirs anxiety after Alden takeover
Rapid-fire changes underway at newspapers sold to cost-slashing hedge fund Alden Global Capital have led to a profound case of the jitters at newsrooms like the New York Daily News....
LA Times owner Patrick Soon-Shiong 'despised' for Tribune vote
The owner of the LA Times Dr. Patrick Soon-Shiong is taking a lot of heat for letting a cost-slashing hedge fund take over the parent of the New York Daily...
CEO of Tribune Publishing fired in wake of Alden takeover
The chief executive of Tribune Publishing, owner of the Chicago Tribune and New York Daily News, has been fired in the wake of the takeover by cost-slashing hedge fund Alden...
NY Daily News parent Tribune approves takeover by Alden Global
Shareholders of Tribune Publishing, parent company of the New York Daily News and one of the country’s largest newspaper chains, on Friday approved a takeover by hedge fund Alden Global...
Soon-Shiong almost forgot the Tribune takeover vote is May 21
The fate of Tribune Publishing hangs in the balance, but Dr. Patrick Soon-Shiong, the LA Times owner who is also the second largest shareholder in the newspaper chain that includes...
Opposition to Alden takeover of Tribune heats up ahead of vote
Opposition to hedge fund takeover of Tribune Publishing is bubbling up ahead of next week's deal vote, including three legal fights, plans for multi-city rallies and written pleas for new...
Tribune Publishing posts 1Q profit, cancels earnings call as buyout looms
The entire company has only 441,000 paid digital subscribers, up from 370,000 a year ago. The company added only 71,000 digital-only subscribers in the quarter.
New York Daily News unionizes ahead of Alden takeover vote
Workers at the New York Daily News voted 55-3 to be represented by the NewsGuild of New York ahead of a harrowing May 21 shareholder vote to sell parent company...
Journalists pray for miracle to stave off Tribune takeover by Alden
Now that talks have broken off between Tribune Publishing and hotel magnate Stewart Bainum, the newspaper company's journalists are hoping for a miracle to derail a $634 million bid by...
Time running out for Stewart Bainum's bid as Tribune sets May 21 vote
Time is rapidly running out for hotel mogul Stewart Bainum to play white knight for the New York Daily News and other newspapers in the Tribune empire. The special committee...
Hotel exec seeks new financing for Tribune after partner drops bid
A Maryland hotel executive is trying to assemble new financing for a $680 million offer to buy Tribune Publishing after his partner, a Swiss billionaire, pulled out of the bidding...
Due diligence underway for all of Tribune, as Hartford group forms to buy Courant
As the bidding war for Tribune Publishing heats up, groups of investors are quietly forming allegiances on the sidelines in hopes of snagging newspaper assets expected to be sold off...
Tribune board will consider $680M bid after approving lower offer
Efforts to buy the publisher of the New York Daily News and the Chicago Tribune are heating up yet again. On Monday, Tribune Publishing said the special committee advising its...
All eyes on billionaire Patrick Soon-Shiong as battle for Tribune heats up
As the battle to buy New York Daily News publisher Tribune Publishing heats up, the pressure is expected to mount for Dr. Patrick Soon-Shiong, the billionaire owner of the LA...
Second deep-pocketed white knight joins bid for Tribune Publishing
A Swiss-born billionaire has become the latest white knight to seek to wrestle control of Tribune Publishing from cost-cutting hedge fund Alden Global Capital. Hansjorg Wyss, former CEO of medical...