Alden Global Capital closed its deal for Tribune on Monday. The hedge fund wasted little time installing new leadership and saddling the newspaper chain with $278 million in.
Two days after hedge fund Alden Global Capital completed its acquisition of Tribune Publishing, the new owners of the Sun Sentinel, Orlando Sentinel, Chicago Tribune and other major metro newspapers are offering newsroom employees a buyout.
Alden Global Capital is wasting no time in taking a chainsaw to its newly acquired newspapers. NPR media reporter David Folkenflik tweeted a thread that contains some horrifying details about what the hedge fund has in store for Tribune Publishing: https://twitter.com/davidfolkenflik/status/1397593206309756930 How about that? A $60 million loan with a 13% interest rate that Alden…