Tribune Publishing Company Announces Designation of Special Committee of its Board of Directors
01 January 2021 - 12:00PM
Tribune Publishing Company (NASDAQ:TPCO) today announced that it
has designated a special committee of its Board of Directors to act
on behalf of the Company in respect of the acquisition proposal
made by Alden Global Capital on December 14, 2020. The special
committee consists of three independent members of the Board of
Directors. The special committee has engaged Lazard as its
financial advisor and Davis Polk & and Wardwell LLP as its
legal counsel.
No assurance can be given that Alden’s proposal, or any other
transaction, will be consummated. The Company does not intend to
disclose developments regarding these matters unless and until the
special committee its Board of Directors determines there is a need
to update the market.
About Tribune Publishing CompanyTribune
Publishing Company (NASDAQ: TPCO) is a media company rooted in
award-winning journalism. Headquartered in Chicago, Tribune
Publishing operates local media businesses
in eight markets with titles
including the Chicago Tribune, New York Daily
News, The Baltimore Sun, Hartford Courant, South
Florida's Sun Sentinel and Orlando Sentinel,
Virginia’s Daily Press and The Virginian-Pilot,
and The Morning Call of Lehigh Valley, Pennsylvania. In
addition to award-winning local media businesses, Tribune
Publishing operates Tribune Content Agency and
TheDailyMeal.com.
Our brands are committed to informing, inspiring and engaging
local communities. We create and distribute content across our
media portfolio and offer integrated marketing, media, and business
services to consumers and advertisers, including digital solutions
and advertising opportunities.
Investor Relations Contact:Amy
Bullis312.222.2102abullis@tribpub.com
Media Contact:Max
Reinsdorf847.867.6294mreinsdorf@tribpub.com
Source: Tribune Publishing
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