Who owns the Tribune Company?

Nexstar Media Group
Tribune Media/Parent organizations

Acquisition by Nexstar Media Group On December 3, 2018, Nexstar Media Group announced its intent to merge with Tribune Media for $6.4 billion and it will still be known as “Nexstar Media Group”.

What is happening with the Tribune ownership?

Tribune Publishing, the owner of some of the largest metropolitan newspapers in the United States, will be acquired by a hedge fund with a reputation for slashing costs and cutting newsroom jobs, after shareholders voted to approve the deal on Friday.

What does Alden Global Capital own?

‘Vulture’ Fund Alden Global, Known For Slashing Newsrooms, Buys Tribune Papers Hedge fund Alden Global Capital, known for making deep newsroom cuts, won approval to acquire Tribune Publishing, which includes the Chicago Tribune, The Baltimore Sun and New York Daily News.

Who bought Tribune Publishing?

Alden Global Capital
Tribune Publishing was acquired by hedge fund Alden Global Capital for $635 million, giving its final approval on May 21, 2021, with the transaction officially closing on May 25, 2021. In December 2019, Alden acquired a 32% stake in shares of Tribune Publishing Company.

Who is leaving the Chicago Tribune?

Among those leaving the Tribune are columnists including John Kass, Phil Rosenthal, Mary Schmich, Dahleen Glanton, Shannon Ryan, Heidi Stevens and Zorn. In all, about 40 Trib employees, including union and non-union staff – are taking a buyout from the new owner.

Who just bought Chicago Tribune?

Alden
An Alden spokesman declined to comment Wednesday. Alden completed its purchase of Tribune Publishing late Monday, taking the Chicago-based newspaper chain private after the $17.25-per-share buyout was approved Friday by shareholders.

Do hedge funds own the media?

In fact, hedge funds and other financial firms control half of the daily newspapers in the United States, according to a recent analysis by the Financial Times. Watch the video above to find out what that means for the newspaper industry, and the steps some newsrooms have taken to survive.

How many newspapers are owned by hedge funds?

Some 1,200 newspapers are now owned partially or entirely by hedge funds, private equity or investment firms, according to Penny Muse Abernathy, an expert on the local news industry.

What company is buying the Chicago Tribune?

Alden Global Capital’s
Chicago Tribune printing facility. Tribune Publishing shareholders voted Friday to approve hedge fund Alden Global Capital’s $633 million purchase of the Chicago-based newspaper chain.

Has the Chicago Tribune been sold?

An Alden spokesman declined to comment Wednesday. Alden completed its purchase of Tribune Publishing late Monday, taking the Chicago-based newspaper chain private after the $17.25-per-share buyout was approved Friday by shareholders.

Why are so many columnists leaving Chicago Tribune?

Almost 40 journalists are leaving the Chicago Tribune’s newsroom as part of a voluntary buyout program announced late last month by Tribune Publishing. Another 24 newsroom employees who are members of the guild applied for and were accepted for buyouts, according to Greg Pratt, a Tribune reporter and guild president.

Why are all the Chicago Tribune columnists leaving?

Dozens of talented journalists are leaving the Chicago Tribune after its new owner, Alden Global Capital, offered employees voluntary buyouts.

Where can I find the Conservative Tribune website?

The Conservative Tribune is an extreme right news and opinion website that previously was found at conservativetribune.com. Currently, they are under the westernjournal.com/CT domain.

Who are the donors to the Texas Tribune?

The Texas Tribune is a Nonprofit that was initially seeded with 1 million dollars by John Thornton and his wife Julie. An additional $2.5 million was donated by various foundations and Texas philanthropists including former Democratic Lt. Governor Ben Barnes, financier T. Boone Pickens , and businessman Red McCombs.

Who was the original owner of the Chicago Tribune?

The newspaper—as well as its parent company and later media conglomerate, the Tribune Company —was founded in 1847 by three Chicagoans. However, the paper was close to bankruptcy in 1855, at which time Joseph Medill and five partners bought it.

What kind of bias does the Conservative Tribune have?

Overall, we rate the Conservative Tribune Questionable based on extreme right wing bias, promotion of conspiracies and propaganda and numerous failed fact checks. The Conservative Tribune is an extreme right news and opinion website that previously was found at conservativetribune.com. Currently, they are under the westernjournal.com/CT domain.