Home Business Hedge fund Alden’s bid to buy Chicago Tribune, other papers approved by Tribune Publishing shareholders

Hedge fund Alden’s bid to buy Chicago Tribune, other papers approved by Tribune Publishing shareholders

by staff

“Dr. Soon-Shiong abstained from voting,” said Hillary Manning, a spokeswoman for Soon-Shiong. “For the past several years, Tribune Publishing has been a passive investment, as he has remained focused on the leadership roles he holds across his companies. When he made the investment in 2016, he hoped it would be a pathway to local newspaper ownership in Southern California. In 2018, he and his family were proud to acquire the Los Angeles Times and San Diego Union-Tribune from Tribune Publishing, creating the California Times. Their focus is and will be on the continued rebuilding and revitalization of The Times and Union-Tribune.”

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