Pay equity study by Tribune unions finds gender and racial pay gaps The study found that the median salary for Black women at unionized Tribune newsrooms in 2021 was 22.5% less than that of their white male colleagues. March 9, 2022 Angela Fu
A philanthropist pivots: How Stewart Bainum Jr. came to pledge $50 million to launch The Baltimore Banner As a former legislator, Bainum ‘saw all sorts of shenanigans. Not all of them got reported, but a lot more then than now.’ February 10, 2022 Rick Edmonds
Stewart Bainum Jr. is advertising for help to launch a ‘high profile, well-funded’ news startup in Baltimore Bainum’s bid to buy The Baltimore Sun from Alden Global Capital fell through in the spring. Now he envisions taking on the Sun with a new nonprofit. August 10, 2021 Rick Edmonds
Alden buyouts have eliminated more than 10% of Tribune Publishing newsroom staffing in just six weeks Some former Tribune Publishing papers — like the Chicago Tribune and The Morning Call — lost even more: upwards of 20% of union staff. July 1, 2021 Rick Edmonds
Opinion | Bad news: mass exits at the Chicago Tribune Almost 40 journalists at the Tribune are taking buyouts and leaving. We feared this would happen, but it doesn’t make it any less of a gut punch. June 23, 2021 Tom Jones
Alden’s buyout offer coincides with the 3rd anniversary of the Capital Gazette shooting At least two staffers have already accepted it, including the paper’s top editor June 17, 2021 Kristen Hare
Opinion | Done deal, and a worrisome one, too, as Alden completes its Tribune purchase There are fears that the hedge fund will run its new papers as it has the ones it already owns — by slashing payroll and resources. May 26, 2021 Tom Jones
Alden Global Capital appears to win approval for its takeover of Tribune Publishing — with a wrinkle in the vote Los Angeles Times owner Patrick Soon-Shiong, who has a 24% share of Tribune stock, ‘abstained from voting.’ His votes still counted toward approval. May 21, 2021 Rick Edmonds
Alden Global Capital closes in on Tribune Publishing acquisition. Shareholders vote Friday. There are no sure things in a hotly contested takeover like this one, but Alden seems likely to prevail. May 20, 2021 Rick Edmonds
Shareholder suits target Alden’s takeover of Tribune Publishing Three shareholders have filed suits to block the sale. With the deal expected to be approved in 10 days, more legal action is likely to follow. May 13, 2021 Rick Edmonds
How much is Tribune Publishing worth? Is Alden getting a steal of a deal at $630 million? A standard estimate values Tribune at $650 million. It could be worth even more split up. Still, a company is only worth what someone will pay for it. May 7, 2021 Rick Edmonds
NewsGuild formally makes the case that Tribune Publishing shareholders should reject Alden’s takeover offer The Guild argued in an SEC filing that Alden’s $17.25 offer price undervalues the company. May 5, 2021 Rick Edmonds
Time is running out for Stewart Bainum Jr. to put together a new bid for Tribune Publishing The billionaire has about 10 days to resubmit an offer, but he has hit a potential deal-killing wall: Nobody seem to want to buy the Chicago Tribune. April 29, 2021 Rick Edmonds
Tribune Publishing cuts off negotiations with white knight investor Stewart Bainum Jr., clearing the way for an Alden takeover Tribune said it no longer thinks it likely Bainum’s effort will result in a ‘superior proposal’ and has closed the books to other potential investors. April 19, 2021 Rick Edmonds
Alden is the lead bidder for Tribune again as Hansjörg Wyss pulls out of the deal Hotel magnate Stewart Bainum Jr.’s effort to buy Tribune Publishing suffered a major setback over the weekend when his partner pull out of the deal. April 19, 2021 Rick Edmonds
