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Tribune Publishing Company (briefly Tronc, Inc.) [2] is an American newspaper print and online media publishing company. The company, which was acquired by Alden Global Capital in May 2021, has a portfolio that includes the Chicago Tribune, the Orlando Sentinel, South Florida's Sun-Sentinel, The Virginian-Pilot, the Hartford Courant, additional titles in Pennsylvania and Virginia, syndication ...
Tribune Publishing CEO Terry Jimenez received $1.734 million in equity compensation, while ... Hedge fund Alden closes $633 million Tribune Publishing acquisition; newspaper chain is delisted from ...
These included the Chicago Tribune, the New York Daily News, and The Baltimore Sun. The Daily News was transferred by Alden into a separate Alden-owned company, Daily News Enterprises, upon the close of the deal. [29] Alden first became involved with Tribune Publishing in 2019, when they paid $117.9 million to Michael Ferro for his 25.2-percent ...
Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us ...
Tribune Media Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois.. Through Tribune Broadcasting, Tribune Media was one of the largest television broadcasting companies, owning 39 television stations across the United States and operating three additional stations through local marketing agreements.
Tribune Publishing, owning the Chicago Tribune, Los Angeles Times, and eight other newspapers, was spun off as a separate publicly traded company in August 2014. The parent Tribune Company was renamed Tribune Media. [142] Tribune Publishing started life with a $350 million loan, $275 million of which was paid as a dividend to Tribune Media.
On May 25, 2021, Alden Global Capital acquired Tribune Publishing. With its combined holdings, Alden became the second-largest owner of newspapers in the United States in terms of subscribers, behind only Gannett. [34] [35] On July 10, 2023, Digital First Media acquired The San Diego Union-Tribune for an undisclosed sum. [36]
Tribune announced last month it ended 2020 holding $99 million in cash. At last check, Tribune Publishing was trading at 17.58, up by 1.71%. (Photo of Stewart W. Bainum Jr. courtesy Choice Hotels ...