Tribune journalists are close to an improbable win in quest for new owners
The battle for control of Tribune Publishing isn’t over yet. But it's taken a major turn—one that only the most optimistic observers could have foreseen even as recently as two weeks ago.
Bloomberg
(Bloomberg) — In January of last year, two Chicago Tribune reporters began looking for a civic-minded investor to rescue the newspaper from what they viewed as the clutches of a notorious hedge fund.
For several months, David Jackson and Gary Marx interviewed more than 100 people in the business and philanthropic world, often making calls from a conference room inside the newsroom. They also published an essay in the New York Times predicting the hedge fund, Alden Global Capital, would create “a ghost version of the Chicago Tribune” — despite being warned it could get them fired.