'Orlando Sentinel' sold to vampiric hedge fund Alden Global Capital

Posted
By Alex Galbraith
on Fri, May 21, 2021 at 1:24 PM
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Photo courtesy Orlando Sentinel/Facebook
Tribune Publishing shareholders voted on Friday to allow the sale of the newspaper chain to the hedge fund Alden Global Capital.
The financial company is known for slashing newsroom budgets to the bone in order to extract as much profit as possible from their purchased publications, and they now own storied publications like the
Chicago Tribune and Orlando's paper of record, the
 Orlando Sentinel.
The pending sale of the newspaper brought reporters and editors out in droves to protest the idea of being under the yoke of Alden. The Sentinel Guild lobbied local millionaires with pleas to buy out the publication, though that relief did not materialize.

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