skip to main content
skip to newscasts

Wednesday, March 26, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump announces new auto tariffs in major trade war escalation; Florida child labor bill advances amid exploitation concerns; Indiana sets goal to boost 3rd grade reading proficiency; Kentucky doctors say GOP lawmakers' attempt to clarify abortion ban confuses instead.

view newscast page
play newscast audioPlay

Newly released Signalgate messages include highly classified data. Americans see legal political spending as corruption. Activists say cuts to Medicaid would hurt maternity care, and cuts and changed rules at Social Security are causing customer service problems.

view newscast page
play newscast audioPlay

Rural folks face significant clean air and water risks due to EPA cutbacks, a group of policymakers is working to expand rural health care via mobile clinics, and a new study maps Montana's news landscape.

Chicago Tribune Guild Seeks Local, "Civic-Minded" Ownership

play audio
Play

Wednesday, February 24, 2021   

CHICAGO - A hedge fund's purchase of the Chicago Tribune is in the works - but until it becomes official, members of the Chicago Tribune Guild are hoping local, civic-minded owners will step in.

Even before announcing the agreement, Alden Global Capital had become the largest shareholder of Tribune Publishing, and already had begun to reduce staff, offering buyouts to reporters who worked at the newspaper for at least eight years.

Charlie Johnson, vice president of the Tribune Guild, said he thinks the hedge fund would prioritize profit over quality of journalism.

"I think people are concerned that with Alden fully in command, that headcount of the newsroom will continue to decline, either through cuts or attrition," he said, "and Chicago won't have one of its truly great news organizations for all that much longer."

Tribune Publishing isn't the first newspaper company Alden Global has sought to take over. Last year, the Denver City Council called out the hedge fund for gutting numerous newspapers, including the Denver Post, citing its "devastating impact on local journalism across the nation."

Johnson said the deal hasn't yet passed anti-trust muster. He added that he hopes the newspaper can follow a similar path as the Baltimore Sun, which also is owned by Tribune Publishing and being acquired - not by Alden Global, but by a nonprofit started by local Maryland philanthropist and businessman Stewart Bainum, Jr.

"They're local Baltimore backers, people with wealth who think that the Sun is really an important part of civic life there," he said, "and they're gonna buy it and set it up so that it can operate there in the future and serve the citizens of Baltimore."

He said Chicago is stronger with local journalists telling the stories of its residents, watchdogging its politicians and justice system, and checking on where its tax dollars are going. He said he wants any potential owner to share that commitment.


get more stories like this via email

more stories
Meals on Wheels of Northern Illinois has community cafés in Cook, Grundy, Kendall and Will counties, providing home-delivered meals to older residents of these areas. (Adobe Stock)

Social Issues

play sound

A local "Meals on Wheels" organization is forging ahead with an event to provide meals and personal care items to seniors in four Illinois counties…


Environment

play sound

The feasibility of putting solar panels over the state's network of canals is the topic of a big new research project, co-led by the University of …

Environment

play sound

In the wake of plans to reopen the Palisades Nuclear Plant in Covert Township after three years of inactivity, major tech companies have pledged to …


Legislation failed to pass this session which would have capped health care providers' fees at $50 for patients and their advocates to access their records. (xixinxing/Adobe Stock)

Health and Wellness

play sound

Patient's rights advocates are working to restrict huge fees some Washington patients must pay in order to access their complete medical records…

Environment

play sound

A new report has found some progress has been made to improve the nation's aging infrastructure, but a lot more needs to be done. This week…

Nationwide, 1.63 million students used e-cigarettes, according to data from the CDC. (Adobe Stock)

Health and Wellness

play sound

Kentucky will soon begin licensing retailers who sell nicotine, which advocates have said will help regulate an industry and protect minors from …

Social Issues

play sound

Wildland firefighting is a tough job and the industry has long struggled with worker retention. Training boot camps have helped bring new …

Social Issues

play sound

By Nina B. Elkadi for Sentient.Broadcast version by Nadia Ramlagan for West Virginia News Service reporting for the Sentient-Public News Service …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021