Alden Global Capital Seeks to Buy Tribune Publishing Outright (Report)
Company already owns 32% of Tribune and could make offer for the rest before the new year, Wall Street Journal reportsRoss A. Lincoln | December 30, 2020 @ 9:54 PM Last Updated: December 31, 2020 @ 6:14 AM
Photo credit: Tribune Publishing
Already the single biggest shareholder in Tribune Publishing, hedge fund company Alden Global Capital intends to purchase the company outright, the Wall Street Journal reported Wednesday.
Alden has a 32% stake in Tribune Publishing and could make an offer to buy the rest of the company as soon as Thursday, according to WSJ. Tribune’s current total value is $470 million.