The hedge fund has made an unsolicited takeover bid of $24 per share in an all-cash deal to acquire Lee Enterprises, the owner of the St. Louis Post-Dispatch and other newspapers across the country.
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 ...
For The Atlantic's November issue, McKay Coppins reports on Alden Global Capital, the secretive hedge fund that controls more than 200 newspapers.
Hedge fund Alden Global Capital will acquire the rest of what it does not already own of Tribune Publishing, owner of the Chicago Tribune, the New York Daily News and other …
Eight daily newspapers owned by Alden Global Capital sued OpenAI and Microsoft on Tuesday, accusing the tech companies of illegally using news articles to power their A.I. chatbots.
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 ...
A look at Alden Global Capital is the cover story of the latest issue of The Atlantic. Staff writer McKay Coppins joins John Yang with more. Full Episode. Thursday, Aug 29. Close Menu.
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 …
Alden Global Capital's move continues the financial industry's acquisition of major newspaper chains. The Baltimore Sun, a Tribune paper, will be sold to a Maryland hotel executive.
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 ...
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.
Hedge fund Alden Global Capital closed its deal for Tribune on Monday. It wasted little time installing new leadership and saddling the newspaper chain with $278 million in debt it took on for the acquisition, according to regulatory filings.
Tribune Publishing shareholders voted Friday to approve hedge fund Alden Global Capital's $633 million purchase of the Chicago-based newspaper chain. The deal, which Tribune Publishing said i…
Alden Global Capital, LLC ("Alden") is a significant investor in American newspapers, with platforms including MediaNews Group, Inc. and Tribune Publishing …
The philanthropist Hansjörg Wyss has teamed with the Maryland hotel executive Stewart Bainum in a bid to upend Alden Global Capital's plan to acquire the newspaper chain.
Hedge fund Alden Global Capital, known for making deep newsroom cuts, won approval to acquire Tribune Publishing, which includes the Chicago Tribune, The Baltimore Sun and New York Daily News.
Alden Global Capital mounts takeover bid for Lee Enterprises The hedge fund has developed a reputation for slashing staff in newsrooms and other departments and selling off real estate at outlets ...
Company Details. Alden Global Capital is a privately owned hedge fund sponsor. The firm launches and manages hedge funds. It invests in the public equity and fixed income …
Smith said Monday that he acquired Baltimore Sun Media on Friday from investment firm Alden Global Capital, marking the first time in nearly four decades that The Sun will be in the hands of a local owner. Smith decided to personally buy the newspaper, along with the Capital Gazette papers in Annapolis, Carroll County Times, Towson …
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 …
Alden Global Capital's proposed takeover of Tribune hinges on receiving Soon-Shiong's support as well as the approval of another large Tribune shareholder, Mason Slaine, who owns about 8% of ...
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 ...
All of the newspapers are owned by Alden Global Capital. Microsoft declined to comment Tuesday. OpenAI said in a statement that it takes care to support news organizations. RELATED COVERAGE California settles lawsuit with Sacramento suburb over affordable housing project. A judge dismisses a sexual assault lawsuit …
A visit to the hedge fund's website yielded a single homepage photo of what appear to be redwood trees and the statement "Alden Global Capital is an investment manager based in West Palm Beach, FL ...
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.
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 ...
