Battle For Tribune Publishing Ownership Takes Major Turn

Tribune Sale
In this April 12, 2006, file photo, flags wave near the Chicago Tribune Tower in downtown Chicago. Newspaper publisher Tribune has agreed to be sold to Alden Global Capital, a hedge fund known for cutting costs and eliminating newsroom jobs, in a deal valued at $630 billion. Tribune Publishing Co., which owns the Chicago Tribune, the New York Daily News, the Baltimore Sun and other newspapers, said Tuesday, Feb. 16, 2021, it has agreed to sell its shares to Alden for $17.25 apiece, in cash. (AP Photo/Charles Rex Arbogast, File) / Associated Press
Tribune Sale
In this April 12, 2006, file photo, flags wave near the Chicago Tribune Tower in downtown Chicago. Newspaper publisher Tribune has agreed to be sold to Alden Global Capital, a hedge fund known for cutting costs and eliminating newsroom jobs, in a deal valued at $630 billion. Tribune Publishing Co., which owns the Chicago Tribune, the New York Daily News, the Baltimore Sun and other newspapers, said Tuesday, Feb. 16, 2021, it has agreed to sell its shares to Alden for $17.25 apiece, in cash. (AP Photo/Charles Rex Arbogast, File) / Associated Press

Battle For Tribune Publishing Ownership Takes Major Turn

When reports surfaced that Alden Global Capital, a New York-based hedge fund, was planning to take over Tribune Publishing, two journalists from the Chicago Tribune went on a quest in search of a new investor for the company. And now, an unforeseen buyer has emerged.

Gary Marx, one of the two journalists leading the campaign, joins Reset for more on the future of the newspaper.

GUEST: Gary Marx, former investigative reporter at the Chicago Tribune