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TPCO - Tribune Publishing: Upside Limited Even With Alden Global At The Gates
Tribune Publishing Company
In the print media boneyard, is there opportunity for upside? Value traps like A.H. Belo (AHC) may scare you off of newspaper plays. But in the case of Tribune Publishing (TPCO), Alden Global's involvement is a strong catalyst. But whether they are a positive or negative catalyst remains to be seen.
Alden's reputation as the bête noire of journalism should be music to TPCO investor's ears. With the hedge fund's ability to slash costs and generate margins materially higher than chains like Gannett (GCI), their expertise could be the