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Feder: Tribune Publishing CEO exits on Alden's first day as owner

Alden Global Capital s first day as owner of Chicago-based Tribune Publishing turned out to be Terry Jimenez s last day on the job as CEO. ....

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Tribune Publishing CEO Terry Jimenez out as Alden completes takeover

Pat Nabong/Sun-Times file
Tribune Publishing’s CEO has left the company, employees of the Chicago-based company were told Tuesday, the first day new owners took charge of the 174-year-old publisher of the Chicago Tribune and eight other large daily newspapers.
Alden Global Capital, now the owner, also reported that it will finance its acquisition with $278 million in loans from a private equity firm and from one of its own companies. The deal adds debt to a publisher that, like most print media outlets, has faced steady declines in circulation and ad revenue.
Employees were told in a brief memo that CEO Terry Jimenez has left the company. Jimenez, who was the only Tribune Publishing board member to oppose its sale to Alden Global Capital, had been the CEO since January 2020 and with the company in executive roles since April 2016. ....

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Tribune Publishing to be Acquired by Alden Global Capital

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Tribune Publishing to be Acquired by Alden Global Capital
February 16, 2021 GMT
CHICAGO, Feb. 16, 2021 /PRNewswire/ Tribune Publishing Company (NASDAQ: TPCO) (“Tribune” or the “Company”) and affiliates of Alden Global Capital (“Alden”) today announced that they have entered into a definitive merger agreement under which Alden will acquire all of the outstanding shares of Tribune common stock not currently owned by Alden for $17.25 per share in cash. Alden currently owns 11,554,306 shares of Tribune common stock, representing 31.6% of the Company’s outstanding shares.
The purchase price represents a premium of 45% to the closing price of Tribune common stock on December 11, 2020, the last trading day prior to receiving Alden’s proposal, a premium of approximately 35% to the closing price of Tribune common stock on December 30, 2020, the last trading day prio ....

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Industry Veterans Launch Atlaas, Customer Data & Advisory Firm

Industry Veterans Launch Atlaas, Customer Data & Advisory Firm
Atlaas helps brands identify customer values and expectations, and then drive sustainable growth by aligning departments, processes, and initiatives to anticipate and meet those expectations.
New York, NY, February 02, 2021 (PR.com) Customer strategy and technology veterans, Dave Frankland, Carl Doty, Tim Myers, and Mike Giambattista announced today the launch of customer data and advisory firm, Atlaas.
“Historically, alignment with customer expectations is the single strongest indicator of brand success within a category,” said Mike Giambattista, Managing Director of Atlaas. “By activating 25 years of proprietary consumer sentiment data from more than a million American consumers, across thousands of brands and hundreds of categories, Atlaas can do something that, up until now, has been painfully elusive. Atlaas can provide organizations with an understanding of why their customers do what they d ....

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