PROPOSED ACQUISITION OF THE BALTIMORE SUN February 16, 2021Acquisition Agreement • February 17th, 2021 • Alden Global Capital LLC • Newspapers: publishing or publishing & printing • Delaware
This term sheet (this “Term Sheet”) sets forth certain key business terms between Alden Global Capital, LLC (“Alden”) and Sunlight for All Institute (“Charity”, and together with Alden, the “Parties”), regarding Alden’s proposal to acquire all of the shares of common stock of Tribune Publishing Company (“Tribune”) not already owned by Alden or its affiliates (the “Tribune Acquisition”), and Charity’s proposal to acquire, subject to the consummation of the Tribune Acquisition, 100% of the issued and outstanding equity interests (the “Interests”) of The Baltimore Sun Company, LLC (“The Sun”) (the “Sun Acquisition”), upon the terms and subject to the conditions set forth in this Term Sheet (collectively, the “Transaction”).
