Chicago Tribune Guild: “If you’re a shareholder and you have any concern for the future of this institution or the common good, please don’t sell to Alden Global Capital.” Photo by Rachel Kramer.
Hedge fund moves to buy and strip Chicago Tribune, The Baltimore Sun, New York Daily News, and six other papers
Defenders of local newspapers expressed grave concern Thursday after Alden Global Capital a hedge fund once dubbed “the face of bloodless strip-mining of American newspapers and their communities” signaled it wants to have full ownership of Tribune Publishing.
“It’s hard to imagine how this wouldn’t be an apocalypse for local news,” tweeted Wired editor Megan Greenwell.
Hedge fund Alden looks to buy Tribune Publishing and go private in deal valuing newspaper chain at $520 million
baltimoresun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baltimoresun.com Daily Mail and Mail on Sunday newspapers.
Hedge fund wants to buy Tribune Publishing, owner of The Virginian-Pilot and Daily Press, for $520 million
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