Sale of Tribune Newspaper Chain to Hedge Fund Faces One Last Challenge
Shareholders of Tribune Publishing will vote on the company’s sale to Alden Global Capital. Dr. Patrick Soon-Shiong, a billionaire who owns The Los Angeles Times, could determine the outcome.
The Chicago Tribune printing and distribution center in Chicago. The paper could be sold to a hedge fund, along with The Baltimore Sun, The New York Daily News and others.Credit.Taylor Glascock for The New York Times
May 21, 2021, 5:00 a.m. ET
The hedge fund that wants to buy Tribune Publishing, the owner of some of the nation’s major metropolitan newspapers, has one final hurdle to cross.
Bulls may be fatigued on Dalal Street, but racing ahead on Deal Street
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India saw 161 deals worth over $13 billion in April, out of which 30 accounted for an aggregate value of $5 billion, says a report by consultancy firm Grant Thornton.
Agencies
Analysts attributed the spike in deal activity to the emergence of the digital theme.
NEW DELHI: Dalal Street may have turned choppy as India wrestles a devastating second wave of the Covid pandemic, but Deal Street is seeing brisk activity with private equity investments and merger & acquisitions hitting a decadal high in April.
India saw 161 deals worth over $13 billion in April, out of which 30 accounted for an aggregate value of $5 billion, says a report by consultancy firm Grant Thornton.
Phone buddies and golf partners, Jeff Zucker and David Zaslav have a 30-year history. Now Zucker may be open to working for the man he calls a “best friend.”
AT&T appears set to offload most of its media assets, much to the chagrin of industry watchers
AT&T is rethinking its Time Warner (now WarnerMedia) strategy just three years after shelling out $85bn for the business – by seeking a merger between its assets, including HBO Max, with Discovery to form a new streaming giant.
Currently languishing a distant third behind titans Netflix and Disney, AT&T is betting big on scale to propel it to success, leaving other contenders such as Amazon, Apple and ViacomCBS in its dust.
Why the sudden shift in strategy?
The home entertainment business is in the throes of frenetic change, with media firms piling into streaming in a desperate bid to emulate the rampant success of Netflix.