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Tribune 17th


									17th March 2009

Bates Wells & Braithwaite media release: Bates Wells & Braithwaite acts to save “Tribune” magazine

Tribune, the independent left-wing journal founded by Aneurin Bevan 71 years ago, has a new owner following
the decision by a consortium of trade unions to find a new proprietor. Kevin McGrath, a businessman and Labour
candidate in the forthcoming European elections, has pledged to invest in the magazine to improve circulation and
develop the editorial content while retaining its political orientation as a labour movement journal.

Vanessa Williams led the team at Bates Wells & Braithwaite London LLP acting for the seller on the transaction
and was assisted by Jon English. Jon said: “This was a difficult transaction to conclude and negotiations had been
ongoing for several months. We are all delighted that Tribune has found a new owner and wish Tribune, and its
staff, a long and successful future”.

All staff, including Editor Chris McLaughlin, have been retained and the magazine – which was rescued from
collapse in 2004 by the trade union consortium and which was owned by UNISON, CWU, Community, ASLEF,
T&G and Amicus – will continue to be produced from offices at the ASLEF headquarters in north London.

Mr McLaughlin said: “After more than 70 years as a voice for independent social democratic thinking, Tribune’s
future has once again been secured. Apart from their highly efficient professionalism throughout, working with
the staff at BWB on this deal was like having a friend who never gives bad advice. I had absolute confidence that
our side was being handled impeccably at times even when the going got sticky. I truly believe that without the
diligence, resilience and determination to get a result deployed by BWB, Tribune would not be here today facing
the exciting future it does."


Notes to Editors:

For further information please contact: Ian Woodcock, Head of Business Development, tel: 020 7551 7824,

                                             Bates Wells & Braithwaite
                                      2-6 Cannon Street, London EC4M 6YH
                                      Tel: 020 7551 7777 Fax: 020 7551 7800

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