Tribune Publishing: Is the Alden Offer Sufficient? - Shared screen with speaker view
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Folks can put questions into the chat, but after Tony speaks can also raise your hand and I can call on you to unmute and ask a question.
Link to Tribune Publishing (TPCO) EDGAR page: https://www.sec.gov/edgar/browse/?CIK=1593195&owner=exclude
Trib Pub-Alden microsite: https://www.savethenews.org/Tribune-publishing-shareholders-say-no-to-Alden
To what extent should institutional investors take into account Alden's history of gutting local media outlets when evaluating the ESG implications of this deal?
Hey this is Thomas Moore, media reporter with The Hill. What is theory about why Trib Publishing seems to be fast walking the Alden bid?
Esp since from your presentation it sounds questionable?
To put a bit of context to Richard Clayton’s point about community impacts, research shows that there are quantifiable declines in voter turnout, the number of people who even run for office, and increases in the cost of local government. One such study shows that municipal borrowing costs increase in communities where news coverage is diminished, showing the fiscal health of communities suffers without robust news coverage. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3175555
Has there been any Tribune shareholders who are publicly voicing their concerns for the Alden bid as well as calling out the actions of the Tribune board?
Given the board members then, what at this point is the status of Bainum? Is it a realistic option now?
Andy Grimm is the president of the Chicago NewsGuild.