Below that plan, Bainum, a lifelong Marylander, agreed to determine a nonprofit group that might purchase the Solar and two different Tribune-owned Maryland newspapers from Alden for $65 million. Quickly after that settlement was reached, nevertheless, negotiations between Bainum and Alden stalled. That prompted Bainum, chair of Selection Resorts Worldwide, one of many world’s largest lodge chains, to make a bid March 16 for all of Tribune, beating Alden’s quantity with a suggestion of $18.50 a share.
