Running out of time and hope, more than 100
The gathering included Tribune journalists past and present at the
The message to
“We are here because we want to save the
The union-organized “Save Local News” rally was one of several conducted at
In addition to the
Alden, Tribune Publishing’s largest shareholder with a 31.3% stake, reached an agreement in February to buy the rest of the company at
An Alden spokesman declined to comment Saturday.
The state treasurers of
The proposed merger hinges on securing the votes of
Soon-Shiong, who built his initial stake in
At the rally Saturday, Pratt implored Soon-Shiong, who bought the
“When you bought the Los Angeles Times, we believed in you, we believed in your newspaper, we believed in your journalists, and we ask you to do the same for us,” Pratt said.
Slaine, who remains interested in acquiring Tribune’s
Meanwhile two potential rival bidders for
Bainum, the chairman of
A group led by former Sun-Times Media CEO
The Freedom Center, located along the
On Saturday, it served as a reunion site for Tribune colleagues, many of whom had not seen each other in more than a year while working remotely during the pandemic. For others who left the paper in recent years, the moment was even more poignant. Fist bumps and kibitzing mixed with defiance and despair during the hourlong rally.
“We are at a moment,” veteran Tribune reporter
While the shareholder vote will be finalized at a virtual meeting beginning Friday at
“If a rival bid is going to have a chance, it’s got to be announced Monday morning,” said
The desperation of the moment was not lost on
“This is a Hail Mary,” Schmich said before the rally. “This is the last gasp of hope for defeating Alden, that somehow by rallying we will shake the conscience of some civic-minded wealthy person who will come out and invest in the Tribune so that we can beat Alden back.”
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