A hedge fund that owns a big stake in Tribune Publishing Co. is in talks to buy the newspaper chain behind titles including the Chicago Tribune and New York Daily News.
... A deal would have far-reaching implications for an industry beset by sharp declines in revenue over the past 20 years that have led to a wave of consolidations and cost cuts. Between 2008 and 2019, the industry shed 51% of its newsroom jobs, according to the Pew Research Center.
