"Swiss Billionaire Is Said to End His Bid for Tribune Publishing." Hansjörg Wyss was part of a serious offer for the major newspaper chain that could have prevented it from being sold to the hedge fund Alden Global Capital. nytimes.com/2021/04/17/bus…
The Times story says Swiss billionaire Hansjörg Wyss saw the Chicago Tribune as a national newsroom, like the Times or the Post, but in doing his due dilgience discovered it was not to be. Too expensive.
This makes little sense to me. Who would have encouraged that illusion?
This makes little sense to me. Who would have encouraged that illusion?
In retrospect this quote from Wyss should have given us more pause. “...the combination of giving enough money to a professional staff to do the right things and putting quite a bit of money into digital will eventually make a very profitable newspaper.” nytimes.com/2021/03/27/bus…
As @sulliview says to the billionaire who is thinking of buying a newspaper (she's worked for two...) "Don’t expect to make money any time soon. Maybe ever. Your goals should be breaking even and doing something good for society." washingtonpost.com/lifestyle/medi…
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