What’s Next for Chicago’s Flagship Newspaper

The fate of the Chicago Tribune is still unknown with a shareholder vote on a controversial takeover proposal set for May 21.

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

What’s Next for Chicago’s Flagship Newspaper

The fate of the Chicago Tribune is still unknown with a shareholder vote on a controversial takeover proposal set for May 21.

A bidding war over Tribune Publishing, owner of the Chicago Tribune, Baltimore Sun and other newspapers, continues. But time is running out for many of the Tribune’s current and former journalists who have been rallying to block a takeover bid by New York hedge fund Alden Global Capital.

Reset checks in with a media historian and analyst about the future of newspapers

GUEST: Victor Pickard, professor at the Annenberg School for Communication at the University of Pennsylvania, where he’s co-Director of the Media, Inequality & Change Center