Tribune Publishing’s Cooperation Agreement with Alden Global Capital LLC and New Board Member Appointment


Kirkland & Ellis LLP advised Tribune Publishing Company on the deal.

Tribune Publishing Company (NASDAQ: TPCO) has extended its cooperation agreement with Alden Global Capital LLC (“Alden”) and has appointed Randall D. Smith of Alden to the Board of Directors, effective immediately. The Board size has been increased from six to seven members.

The cooperation agreement contains standstill and voting commitments surviving until the conclusion of the Company’s 2021 Annual Meeting, subject to certain exceptions.

Headquartered in Chicago, Tribune Publishing Company (NASDAQ: TPCO) is a media company rooted in award-winning journalism.

The Kirkland team advising Tribune Publishing Company was led by transactional partners Eric Schiele (Picture) and David Klein and associate Sean Brownridge.

Involved fees earner: Sean Brownridge – Kirkland & Ellis; David Klein – Kirkland & Ellis; Eric Schiele – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: tronc, Inc.;

Author: Ambrogio Visconti