Maneuvering going on among bidders for Tribune Publishing finds two potential bidders joining forces, with billionaire former presidential candidate H. Ross Perot a part of the combined effort.
“Will Wyatt, the former Starboard hedge fund manager who formed the Donerail Group, is teaming up with AIM Media, headed by former Chicago Sun-Times and Dallas Morning News executive Jeremy Halbreich,” The New York Post reports. “They’re now jointly pursuing Tribune Publishing, formerly know as Tronc, which counts the Chicago Tribune, the Baltimore Sun, the Fort Lauderdale Sun Sentinel and the struggling New York Daily News among its holdings.”
Perot, who ran as an independent candidate for president in the 1990s, is one of the backers of the bid, according to the report.
“Perot teamed up earlier with Halbreich and Dallas Cowboys owner Jerry Jones as they expanded AIM Media to include newspapers in Texas, Ohio and West Virginia,” the story notes, adding: “They are squaring off against the only other suitor still in the hunt, the McClatchy Co., owner of the Miami Herald, Kansas City Star, Sacramento Bee and other newspapers.”