Maryland hotel exec racing clock to find investors for $680 million bid for Tribune Publishing, but nobody is stepping up in Chicago: source

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On Wednesday, Bainum notified a special committee of the Tribune Publishing board that he would increase his commitment to $300 million. Bainum, who wants to own The Baltimore Sun and sell the rest of the portfolio, has buyers lined up for the chain’s other titles, but not the flagship paper in Chicago, a source close to the situation said.