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The Chicago Tribune Guild has strongly criticized a buyout offer extended to newsroom staff by Tribune Publishing, the newspaper’s owner, calling it detrimental to the paper’s mission and the Chicago community.
“Buyouts will undermine the Tribune’s purpose and damage our company in the long run,” the Guild stated, as reported by the Chicago Sun-Times. “This approach prioritizes short-term gains over investing in robust regional coverage, ultimately hurting Chicagoans.”
The Guild further condemned the plan as driven by “greed” rather than strategic foresight, urging the Tribune to focus on growing readership through quality journalism instead of staff cuts.
Under the existing union contract, full-time Guild members are eligible for one week of base pay per year of service, plus two weeks for the first year. Staff can apply for the buyout starting June 26, with a deadline of July 7, and those accepted will depart on July 11.
Tribune Publishing, which operates the Chicago Tribune Media Group, is owned by Alden Global Capital. In June 2024, after five years of contentious negotiations, employees across several Tribune newsrooms ratified a two-year contract with Alden. Earlier that year, some NewsGuild members participated in a 24-hour strike to protest labor conditions.
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