Hedge fund Alden to buy Tribune Publishing in deal valued …
Tribune Publishing, publisher of the Chicago Tribune and other major newspapers, has agreed to be acquired by Alden Global Capital in a deal valued at $630 million.Announced Tuesday after the ...
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The Hedge Fund Vampire That Bleeds Newspapers Dry …
In its mission to squeeze the last profits out of newspapers, Alden Global Capital has eliminated the jobs of scores of reporters and editors, and decimated journalism in cities all over the ...
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Hedge fund Alden's bid to buy Chicago Tribune, other …
Soon-Shiong owns 23.7% of Tribune Publishing and stands to collect about $150 million in the sale of the company to Alden Global Capital. Chicago Tribune historical photo The Tribune used this ...
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A Vampiric Hedge Fund Is Eating the Pioneer Press Alive
Due in part to Alden's gut job, the leaner Pioneer Press produced a $10 million 2017 profit at a 13% margin, industry analyst Ken Doctor wrote via Nieman Jouralism Lab. That prompted Doctor to posit: "Alden Global Capital is making so much money wrecking local journalism it might not want to stop anytime soon.".
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A unified front against Alden Global Capital makes its way …
(Alden Global Capital declined to comment on this story.) ICYMI: Editor fired after self-publishing article he claims was blocked by publisher Joe Rubino, proudly sporting a Colorado flag baseball cap, traveled from Denver (with funds from the Post 's union) to shame, publicly, what some are calling a "vulture fund," though he preferred ...
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Alden Global to buy Tribune Publishing for $630 million
Feb. 16, 2021 8:04 PM PT. Chicago-based Tribune Publishing on Tuesday announced a proposed sale to hedge fund Alden Global Capital in a deal valued at $630 million. Already the largest shareholder ...
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Who is investor Randall Smith and why is he buying up
July 27, 2011. Even in the close-mouthed world of hedge fund investment, Randall Smith, the principal of Alden Global Capital, gives new meaning to the euphemism "low profile.". Smith's ...
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Alden Global Capital is buying and gutting local newspapers …
NPR's A Martínez talks to McKay Coppins of The Atlantic about how a hedge fund, Alden Global Capital, is buying and then gutting newspapers — and the implications for …
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Lee's slate of directors elected, Alden Global Capital
That closes at least a chapter in hedge fund Alden Global Capital's hostile bid to take over the company. Alden had offered an unsolicited bid in late November at $24 a share.
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Hedge fund Alden Global is buying newspaper chain Tribune Publishing
Hedge fund Alden Global Capital will acquire the rest of what it does not already own of Tribune Publishing (TPCO), owner of the Chicago Tribune, the New York Daily News and other local newspapers ...
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Boundless Greed: Alden walks away from bills, …
Randall Smith, cofounder of the hedge fund Alden Global Capital, is infamous for two things: gutting local newspapers and a voracious acquisition of pricey real estate. Although he recently sold …
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How this 'vulture' hedge fund's gutting of local newsrooms
The hedge fund Alden Global Capital has been acquiring scores of U.S. newspapers across the country — then gutting newsrooms and selling off assets.
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How this 'vulture' hedge fund's gutting of local newsrooms
A look at Alden Global Capital is the cover story of the latest issue of "The Atlantic," which is currently available online. Staff writer McKay Coppins reported and wrote story and joins us now ...
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After gutting local newspapers, hedge fund Alden Global is …
You might have heard of Alden Global Capital's purchase and evisceration of several American newspapers. Now, the New York hedge fund has added mobile home parks to …
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The Last Reporter in Town Had One Big Question for His …
But Mr. Brandt realizes that the Alden Global Capital goliath is concerned about its investors, not the desires of some $46,342-a-year newspaper reporter with a son in college and a wife with ...
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Alden Global Capital mounts takeover bid for Lee Enterprises
November 22, 2021. Alden Capital continued its drive to own as much of the American newspaper industry as it can with a bid Monday to acquire Lee Enterprises, a publicly traded chain of 75 daily ...
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The Atlantic Looks Inside Alden Global Capital
Alden Global Capital has a reputation for gutting newspapers to generate short-term profits for shareholders. McKay Coppins, a staff writer at The Atlantic, dove deep into the history of Alden and what its ownership could spell for the future of the Tribune in "A Secretive Hedge Fund That Is Gutting Newsrooms" that appears in its latest issue. ...
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The Atlantic November 2021 Cover-Story Press …
For The Atlantic 's November issue, McKay Coppins reports on Alden Global Capital, the secretive hedge fund that controls more than 200 newspapers. October 14, 2021. Many people assume …
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After gutting local newspapers, hedge fund Alden Global is going
Scott Simon speaks to journalist Julie Reynolds about hedge fund Alden Global Capital's purchase of several mobile home parks and its eviction of many of their low-income residents.
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The Atlantic January/February Issue: The Commons
Alden Global Capital's track record has already shown that it is perfectly willing to destroy one of America's most storied papers for a quick buck. It's a shame no civic-minded, wealthy ...
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Alden Global Capital Will Buy Tribune Publishing In $630
Alden Global Capital — a hedge fund known for making steep cuts at the local newspapers it owns — will buy the Chicago Tribune, the New York Daily News and several other big-name local papers ...
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Alden Global Capital to acquire Tribune Publishing after …
The $630 million bid by that hedge fund, Alden Global Capital, has drawn opposition from Tribune journalists at papers including the Chicago Tribune, the Baltimore Sun, the Hartford Courant and ...
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Opinion | Action needed to avoid local news setbacks like
Alden Global Capital's purchase of four local papers highlights the need for new policies and more options. By: Steven Waldman. September 1, 2023. In announcing the sale of its Pennsylvania ...
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Baltimore Sun Sold to Chairman of Sinclair TV Stations
Mr. Smith, who grew up in Baltimore, bought Baltimore Sun Media, which includes The Sun, in a private deal from Alden Global Capital, an investment firm that has become the country's second ...
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Meet the Hedge Fund Boss Who Just Bought Tribune's Newspapers
Heath Freeman, president of Alden Global Capital, is known for pushing big cost reductions, which he says help to save newspapers. Heath Freeman in an undated photo provided by Goldin Solutions ...
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Alden closes $633 million purchase of Tribune Publishing; …
It didn't take long for Alden Global Capital to put its imprint — and significant debt — on Tribune Publishing, after closing its $633 million acquisition of the Chicago-based newspaper ...
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'Vulture' Fund Alden Global, Known For Slashing …
The New York-based hedge fund Alden Global Capital – known for slashing its newspapers' budgets to extract escalated profits – won shareholder approval Friday for its $633 …
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Alden Global Capital, LLC Announces Offer to Acquire Lee …
Alden Global Capital, LLC ("Alden") is a significant investor in American newspapers, with platforms including MediaNews Group, Inc. and Tribune Publishing Company (collectively referred to as ...
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Hedge fund known for cutting journalism jobs is seeking to buy
Alden Global Capital, a hedge fund known for gutting local newsrooms, is seeking to buy Lee Enterprises (LEE), a publicly traded company with a chain of daily newspapers and other publications ...
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Alden Global to buy Tribune Publishing for $630 million
Chicago-based Tribune Publishing on Tuesday announced a proposed sale to hedge fund Alden Global Capital in a deal valued at $630 million.
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