TPCO - Fate of Tribune Publishing rival offer depends on sale of Chicago Tribune

Billionaire hotel magnate Stewart Bainum is still trying to beat out hedge fund Alden Global for Tribune Publishing (TPCO), but time appears to be running out.And while Bainum has now committed $300M to his offer from the newspaper publisher, the problem he's having if  finding a buyer for the company's namesake paper, The Chicago Tribune, according to a report from the paper. Bainum has been trying to replace financing he lost when billionaire Hansjörg Wyss dropped out of his bidding group.Bainum, whose goal is to own the Baltimore Sun and sell off the remaining papers to other buyers, has found interest for all the papers except the Chicago Tribune, the paper reported, citing a source familiar.Bainum has been reaching out to Chicago's wealthiest benefactors to try to garner interest for the paper. Bainum is looking for a partner to commit about $200M to his bidding group,, with at least $100M upfront.This upcoming

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Fate of Tribune Publishing rival offer depends on sale of Chicago Tribune