Everand Logo

Welcome to Everand!

  • NPR

    'Project Mayhem': Reporters Race To Save Tribune Papers From 'Vulture' Fund

    The Baltimore Sun's Liz Bowie is leading reporters across Tribune properties to find civic-minded owners for the chain's newspapers before a hedge fund with a record of slashing cuts buys the company.
    by David Folkenflik Apr 21, 2021 5 minutes
    <em>Baltimore Sun</em> reporter Liz Bowie, shown at center, has helped to lead an effort by Tribune Publishing's journalists to seek new owners for its papers and hold a hedge fund at bay.

    A group of journalists working for the storied newspapers of Tribune Publishing Company are racing against the most intense deadline of their careers to find new owners for their company before May 21.

    That's when the hedge fund Alden Global Capital, infamous for stripping newsrooms to the bone, is poised to make good on its plans to buy the chain in a $635 million deal. Alden already holds half of Tribune Publishing's publicly traded shares.

    The journalists have banded together to stop Alden, under the leadership of a veteran education reporter for Tribune's Baltimore Sun, Liz Bowie. Bowie has galvanized colleagues and helped organize peers at the chain's other newsrooms, which include the Chicago Tribune, the New York Daily, the , and other prestigious metro newspapers. These journalists are determined to shape their own destiny. And they call the effort "Project Mayhem."

    You’re reading a preview, subscribe to read more.

    More from NPR

    NPR3 min readCrime & Violence
    Justice Thomas Decries 'Nastiness' And 'Lies' Against Him
    The Supreme Court justice told attendees at a judicial conference that he and his wife have faced "nastiness" and "lies" over the last several years and decried Washington as a "hideous place."
    NPR4 min read
    Senate Passes FAA Reauthorization Bill, Sending Legislation To The House
    The Senate passed a bill designed to improve safety and customer service for air travelers, a day before the law governing the Federal Aviation Administration expires.
    NPR5 min read
    Why Writing By Hand Beats Typing For Thinking And Learning
    Researchers are learning that handwriting engages the brain in ways typing can't match, raising questions about the costs of ditching this age-old practice, especially for kids.

    Related Books & Audiobooks