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Alden Begins Offering Tribune Employees Buyouts

Alden’s $630 million buyout offer was approved last week by Tribune stockholders

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The transition of power over Tribune Publishing is now complete as Alden Global Capital is the newspaper company’s new owners. The new ownership group is now offering Tribune Publishing employees buyout offers just two days after completing its $630 million acquisition.

According to the Chicago Tribune, Alden has an offer on the table for its nonunion newsroom employees who have received a voluntary separation. 

There will be similar plans to provides this voluntary separation offer to people across the Tribune platform. An Alden spokesperson declined to discuss the buyouts. 

However, The Tribune reports that nonunion eligible staffers with three-plus years of service could receive 12 weeks of pay and an additional week for every year with the newspaper. Meanwhile, those with fewer than three years of employment would receive eight weeks of pay. 

As for employees with representation, Alden needs to negotiate with each of the 13 union chapters of NewsGuild Communications Workers of America, representing employees at the various Tribune papers.

“We’re hearing that buyouts were offered today,” said Sally Davidow, a spokesperson for the guild. “The company has a legal obligation to negotiate with our union members over the terms of any buyout offer. That just began with today’s announcement.”

“It’s clear that Alden sees Tribune Publishing as a debt-free company from which it can extract more cash. It is a vulture fund that strip-mines local news organizations and undermines our democracy.”

News Print & Digital

Lulu Garcia-Navarro to Host Opinion Podcast for NY Times

“When a lot of us hear the word “opinion” we think of hot takes — points of view in reaction to the news. But what about the experiences that shape our opinions?” The Times said in a press release. 

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New York Times

The New York Times will have a new opinion podcast coming out soon called “First Person.” The company announced that Peabody Award-winning journalist Lulu Garcia-Navarro will host this new show beginning June 9th. 

“When a lot of us hear the word “opinion” we think of hot takes — points of view in reaction to the news. But what about the experiences that shape our opinions?” The Times said in a press release

“That’s the question we’re exploring in “First Person,” a new podcast from New York Times Opinion with Lulu Garcia-Navarro. In each episode, Lulu sits down with people living through the headlines for intimate and surprising conversations that help us make sense of our complicated world.”

Garcia-Navarro will bring plenty of experience to her new podcast as a two-time Peabody Award-winning journalist with years of interviewing world leaders, authors, artists, and people living on the front lines of a changing world.

“This show is a new way of understanding where people’s opinions come from. It’s urgent and intimate and takes someone who is living through something incredible and asks them how they came to believe what they believe,” Garcia-Navarro said per Radio Ink

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News Print & Digital

Twitter Will Not Renegotiate Original Offer with Elon Musk

Twitter doesn’t plan on backing down from the agreement even as Musk attempts to cast doubt about the number of fake accounts on the platform. 

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Twitter is playing hardball with Elon Musk, who initially agreed to buy the social media platform for $44-billion. During a town hall meeting, executives of the company told staffers they would not renegotiate the price of his takeover agreement, per The Daily Beast

Furthermore, Twitter doesn’t plan on backing down from the agreement even as Musk attempts to cast doubt about the number of fake accounts on the platform. 

Nonetheless, earlier this week, the company stated that they had plans to “close the transaction and enforce the merger agreement” between the Telsa CEO and the social media giant. 

The terms of the buyout contract will make it hard for him to evade the deal with Twitter. It contains a $1 billion breakup fee, and the company could sue to compel Musk to follow through on the transaction.

Last week, the entrepreneur tweeted that he was placing the deal on hold until Twitter could verify that spam and fake accounts do not comprise more than 5 percent of its users. 

Musk stated that he was dedicated to purchasing the company and indicated that he was open to a deal at a lower price.

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Donald Trump Accuses Google of Trying to Ruin TRUTH Social

Truth Social was developed by Trump Media and Technology Group (TMTG) and is headed by former congressman Devin Nunes.

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Former President Donald Trump is not happy with Google. According to Rolling Stone, Trump believes that the tech giant is trying to ruin his new social media platform, TRUTH Social. The platform is currently not available to Android users which have drawn the ire of Trump.

“One person whom the outlet did not identify claimed to have discussed TRUTH Social’s unavailability for Android users with Trump,” the magazine wrote. “The person said he has also asked questions such as, “What’s up with Google?” and, “[is Google trying to] screw with me?”

Truth Social was developed by Trump Media and Technology Group (TMTG) and is headed by former congressman Devin Nunes.

Trump reportedly believes that Google and YouTube are out to get him. “This has left Trump with questions about the status of the product and whether his perceived enemies at Google had any plans to reject it,” the report said.

“Is Google trying to f**k me?” Trump asked.

Big Tech banned Trump from Twitter, Facebook, Instagram, and Snapchat following the Jan. 6 riots. 

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