Alden Proposes Purchase of Tribune Publishing

Out-fucking-rageous.

 

... and not the first bit surprising.

 

I thought for a while Tribune employees might have a lifeboat. Oh, well.

Meanwhile, just checked on my upcoming Tribune pension . . . still there.

 

For now...

 

I swear I'm tempted to start taking it now, even at reduced levels.

 

That wouldn’t be the worst decision you’ve ever made. If you have an opportunity to do so, you should at least look into it.

 

Payments aren't that great, just a little extra on top of Social Security.

$575/month if I take it beginning in June.
$760/month if I wait until April 2026.

Break even point seems to be in 2040. I'll be 79.
Shit, maybe I should start taking it.

 

New York Daily News unionizes ahead of Alden takeover vote

 

Yes, because that really helped in '90. LOL

 

A futile gesture by the Guild, though I suppose such gestures are needed to show dues-paying members something for the fees they pay. NewsGuild formally makes the case that Tribune Publishing shareholders should reject Alden’s takeover offer - Poynter

 

In its bid to acquire Tribune Publishing, the hedge fund Alden Global Capital vowed to provide $375 million in cash to the owner of the Chicago Tribune, the Baltimore Sun and other titles — a theoretically welcome influx to an investment-starved newspaper chain.

But industry and financial experts have looked at the fine print and see something starkly different: Alden, they say, has already signaled that it plans to saddle Tribune with debt that could further hollow out the company, and it may not have $375 million available to begin with.

https://www.washingtonpost.com/business/2021/05/06/alden-tribune-hidden-risk/