Feder: Alden Global Capital regains upper hand in bid for Tribune Publishing
Updated 4/19/2021 9:00 AM With the collapse of a competing offer for the parent company of the Chicago Tribune over the weekend, it's full speed ahead for Alden Global Capital in its bid to acquire complete control of Tribune Publishing, Robert Feder writes. Swiss billionaire Hansjörg Wyss withdrew his participation in a $680 million bid for Tribune Publishing with Maryland hotel executive Stewart Bainum Jr. through their newly formed Newslight LLC. After examining Tribune Publishing finances, Wyss backed out. While Bainum is said to remain committed to pursuing ownership of the company w...