TPCO - Tribune Publishing may see a new bid as Alden deal has issues NYT says

Tribune Publishing (TPCO) may see a new bidder emerge as hedge fund Alden Global's agreement to buy the newspaper chain has run into some obstacles, the New York Times reported.Maryland hotel magnate Stewart Bainum, who agreed to buy The Sun and two smaller Maryland papers as part of the Alden Global deal, is having some disagreements with the hedge fund over the deal.Bainum has now made a preliminary move to bid for all of Tribune Publishing, the paper said. Bainum is reportedly prepared to put up $100m for a bid and then seek additional investments from others, the NYT said, citing people familiar.Recall Feb. 16,  Tribune Publishing agrees to be sold to Alden Global for $17.25/share.

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Tribune Publishing may see a new bid as Alden deal has issues, NYT says