Tribune Publishing has received a new buyout offer from a Maryland hotel executive and a Swiss billionaire, according to the Hartford Business Journal. Tribune is the Hartford Courant’s parent company. And the $680 million offer comes as the company considered a lower bid from hedge fund Alden Global Capital -- Tribune’s largest stakeholder. Alden may now have to match or increase its bid for Tribune, to stay in contention.
This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.
We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.
Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.