{"id":407066,"date":"2020-12-31T20:03:07","date_gmt":"2021-01-01T01:03:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407066"},"modified":"2020-12-31T20:03:07","modified_gmt":"2021-01-01T01:03:07","slug":"tribune-publishing-company-announces-designation-of-special-committee-of-its-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tribune-publishing-company-announces-designation-of-special-committee-of-its-board-of-directors\/","title":{"rendered":"Tribune Publishing Company Announces Designation of Special Committee of its Board of Directors"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">CHICAGO, Dec.  31, 2020  (GLOBE NEWSWIRE) &#8212; 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 &amp; and Wardwell LLP as its legal counsel.<\/p>\n<p>No assurance can be given that Alden\u2019s 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.<\/p>\n<p>\n        <strong><br \/>\n          <u>About Tribune Publishing Company<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Tribune Publishing Company (NASDAQ: TPCO) is a media company rooted in award-winning journalism. Headquartered in Chicago, Tribune Publishing\u00a0operates local media businesses in\u00a0eight\u00a0markets with titles including\u00a0the\u00a0Chicago Tribune,\u00a0New York Daily News,\u00a0The Baltimore Sun,\u00a0Hartford Courant,\u00a0South Florida&#8217;s\u00a0Sun Sentinel and Orlando Sentinel, Virginia\u2019s\u00a0Daily Press\u00a0and\u00a0The Virginian-Pilot, and\u00a0The Morning Call\u00a0of Lehigh Valley, Pennsylvania. In addition to award-winning local media businesses, Tribune Publishing operates Tribune Content Agency and TheDailyMeal.com.<\/p>\n<p>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.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Investor Relations Contact:<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Amy Bullis<br \/>312.222.2102<br \/><u>abullis@tribpub.com<\/u><\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Media Contact:<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Max Reinsdorf<br \/>847.867.6294<br \/><u>mreinsdorf@tribpub.com<\/u><\/p>\n<p align=\"justify\">Source: Tribune Publishing<\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExOTQxMiMzOTAxMzEwIzIwNTAxNDA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/7a3d6ef3-46cf-4892-8d16-535ccb9d89e8\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CHICAGO, Dec. 31, 2020 (GLOBE NEWSWIRE) &#8212; 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 &amp; and Wardwell LLP as its legal counsel. No assurance can be given that Alden\u2019s 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tribune-publishing-company-announces-designation-of-special-committee-of-its-board-of-directors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tribune Publishing Company Announces Designation of Special Committee of its Board of Directors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407066","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tribune Publishing Company Announces Designation of Special Committee of its Board of Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tribune-publishing-company-announces-designation-of-special-committee-of-its-board-of-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tribune Publishing Company Announces Designation of Special Committee of its Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CHICAGO, Dec. 31, 2020 (GLOBE NEWSWIRE) &#8212; 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 &amp; and Wardwell LLP as its legal counsel. No assurance can be given that Alden\u2019s proposal, or any other transaction, will be consummated. 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