Looks Like Morning Call Could Be Screwed

worldnewsera.com
Swiss Billionaire Is Said to End His Bid for Tribune Publishing "The Swiss billionaire Hansjörg Wyss, who seemingly came out of nowhere last month to make a serious offer for Tribune Publishing, a major newspaper chain, has decided to take himself out of the bidding, according to three people with knowledge of the matter... 

a bid that seemed as if it had a chance of preventing Tribune from becoming fully owned by its largest shareholder, the New York hedge fund Alden Global Capital...

Alden is known for slashing costs at the roughly 60 daily newspapers it controls through its MediaNews Group subsidiary..."

Bad news if we ever hoped for more investigative reporting from our local paper or even if we have one some day.