The NewsGuild-CWA sent a second letter to the top shareholders of Tribune Publishing on May 6, which points out that Tribune’s earnings suggest that the company has been sufficiently profitable that it need not be purchased. (The Guild posted the letter on the SEC website as well.)
The letter also links to a May 6 Washington Post article that casts aspersions on the ability of Alden Global Capital to come up with the cash to buy the company.