News that the McClatchy bid for Tribune Publishing is dead as a doornail sent the stock spiraling to another new 52-week low on Tuesday — slumping to $12.40 a share before closing at $12.45, down 4.1 percent. Will Wyatt, a former hedge fund operator, has been looking at the books in recent days to see how much — if anything — he may bid now that he appears to be the sole surviving potential bidder. If he lands the deal, he is planning to bust up the company that includes the Chicago Tribune, the Baltimore Sun, the Sun Sentinel in Fort Lauderdale and the struggling New York Daily News, among other titles, and sell it off in pieces. He's said to be in the process of lining up buyers. Bloomberg reported that the McClatchy bid that was rejected was to include mostly cash and some stock, valuing Tribune at $16.50 a share. Media Ink sources say the deal was $15 a share in cash and $1.50 in stock — but the company that would have emerged would be weighed down with more than $1 billion in debt.