Alden Proposes Purchase of Tribune Publishing

Yes. But I believe that was before the new group make an official and fully financed proposal.

 

Swiss Billionaire Is Said to End His Bid for Tribune Publishing

 

Billionaires gonna billionaire. Wyss:

“ ... the combination of giving enough money to a professional staff to do the right things and putting quite a bit of money into digital will eventually make a very profitable newspaper.”

 

I didn't see that quote in the story I posted. Where did you find it?

 

Swiss Billionaire Joins the Bidding for Tribune Publishing

 

Be European billionaire hoping to make a play in the United States

See struggling newspaper chain. Want to be like Bezos.

Announce support to buy struggling newspaper chain.

Investigates struggling newspaper chain, figure out why its struggling and realize there's no chance of making more money for me.

Exit bid. "Sorry, guys. I didn't know what I was in for. Good luck!"

 

"Investigates struggling newspaper chain, figure out why its struggling and realize there's no chance of making more money for me.

Exit bid. "Sorry, guys. I didn't know what I was in for. Good luck!"[/QUOTE]
I guess he didn't want to become a millionaire.

 

Thanks for letting me know.

 

Swiss billionaire pulling out seems like very bad news for Tribune journalists. Maybe the Baltimore guy can still pull it off. But Alden seems inevitable, meaning the death of nine major news outlets.

 

Tribune Publishing Sets Date for Shareholder Vote on Alden Bid

 

Journalists pray for miracle to stave off Tribune takeover by Alden

 

Keeps getting better and better.

https://www.washingtonpost.com/business/2021/04/23/alden-hedge-fund-mismanaged-pensions/