Page 39 - Rick Edmonds News Today

Tribune Publishing early Monday confirmed it received a revised, fully financed bid from a second suitor that “would reasonably be expected to lead to a ‘Superior Proposal’” over the bid received from Alden Global Capital.

While staffers nervously speculate whether Union-Tribune owner Patrick Soon-Shiong will block the purchase of Chicago-based Tribune Publishing by hedge fund Alden Capital, the usually muted billionaire has unleashed his fury against American racism. Thursdays rebuke on CNN comes as the deadline to close Aldens deal for Tribune nears, with a host of fellow billionaires lining up behind a competing bid for Tribune that has driven the companys stock to a new recent high of $18.02. As the owner of...

33 Louisiana Lawmakers send the governor a letter urging him to fully reopen Louisiana and end mask mandate Mask mandate debate continues in Louisiana after neighboring states end theirs By Lester Duhé | March 4, 2021 at 10:44 PM CST - Updated March 4 at 10:44 PM BATON ROUGE, La. (WAFB) - At least five states have dropped or rolled back their mask mandates, including Texas and Mississippi. 33 Louisiana Lawmakers send the governor a letter urging him to fully reopen Louisiana and end ma...

Group of Louisiana legislators calls for end to states COVID-19 restrictions David Jacobs, The Center Square © Provided by Washington Examiner Louisiana State Capitol building which is located in Baton Rouge, LA, USA. A group of Louisiana legislators is asking Gov. John Bel Edwards to lift rules meant to control the spread of COVID-19. Rep. Rick Edmonds, a Baton Rouge Republican, sent the Democratic governor a letter making the request, which is endorsed by 33 Republicans, in...

33 La. lawmakers sign letter asking Gov. Edwards to end mask mandate and business restrictions (Source: KSLA News 12) By Kaitlyn Gibson | March 4, 2021 at 12:41 PM CST - Updated March 4 at 2:21 PM BATON ROUGE, La. (KSLA) - State Representative Rick Edmonds, along with 32 other Louisiana legislators, signed a letter asking Governor John Bel Edwards to end occupancy limits on businesses and discontinue the statewide mask mandate. RELATED VIDEO Some Texas businesses welcome changes to come ...

It was quite a week for Patrick Soon-Shiong, the billionaire surgeon who owns the Los Angeles Times and The San Diego Union-Tribune. On Tuesday came the news that the hedge fund Alden Global Capital was offering $630 million to boost its share of Tribune Publishing from 32% to 100%. Alden would take Tribune private and…

Chicago Tribune, the New York Daily News, and the Hartford Courant, as well as other local newspapers in Pennsylvania, Maryland, Virginia, and Florida. Tribune already counted Alden as its largest shareholder; Alden was offering $14.25 per share to take full control of the company. Yesterday, following weeks of wrangling, Tribune announced its intention to sell to Alden at $17.25 per share. The deal as a whole is valued at $630 million, and would take Tribune private. Alden has become notorio...

Chicago Tribune, the New York Daily News, and the Hartford Courant. Alden is known for buying distressed assets like newspapers and making painful cuts to them. The basic playbook: Sell off any assets like real estate, raise subscription prices, then manage to an expected decline in revenue by taking a meat ax to staff and resources. One bright spot in the grim news is the Baltimore Sun, which will be owned by a nonprofit instead. Associated Baltimore Sun Media titles, including Annapolis’...

That is, if you are a politician or political party. The Louisiana Republican Party and the Louisiana Democratic Party took the opportunities to voice their support and outrage, respectively, about the controversial impeachment of Donald J. Trump.  The Republican Party sent out an email expressing its deep regret and slammed the Democrats in the process.  Obviously, the Democrats returned the favor.  The Republicans, needless to say were quite appreciative of their Congressmen standing u...

(The Center Square) – Louisiana lawmakers in both chambers on Thursday approved $27.6 million in education spending that goes beyond the main state allocation for schools, though several members said they were disappointed school districts weren’t spending more of the available dollars. During the late 1990s, the Legislature used money from a state settlement with tobacco companies to create the Education Excellence Fund. The money is divided into two pots. Some goes into investment a...