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Tribune Shareholders Approve Alden Takeover

Alden Global Capital, which already owned one-third of Tribune, now takes full control of the Chicago Tribune, Baltimore Sun and other Tribune papers in a deal worth roughly $630 million. Through its Digital First Media chain, Alden also owns the Boston Herald, Denver Post and San Jose Mercury News. The deal had drawn opposition from many of the company’s journalists at papers in an unusual spate of employee activism.

Ownership of Chicago Tribune, Baltimore Sun put to a vote by investors

Charisse Jones Tribune investors  on Friday voted to sell Chicago s flagship paper and several other U.S. dailies to  Alden Global Capital, a hedge fund long criticized by advocates who say it prioritizes profits over journalism.  Alden indicated that the vote okayed the roughly $630 million deal that would give it full ownership of the Chicago Tribune, the Baltimore Sun and several other newspapers.  Alden becomes the nation s second largest newspaper publisher behind Gannett, which operates USA Today. Local newspaper brands and operations are the engines that power trusted local news in communities across the United States,  Heath Freeman, Alden s president, said in a statement. The purchase of Tribune reaffirms our commitment to the newspaper industry and our focus on getting publications to a place where they can operate sustainably over the long term.” 

Tribune investors vote on Alden deal; outcome questioned

Tribune investors vote on Alden deal; outcome questioned
startribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startribune.com Daily Mail and Mail on Sunday newspapers.

Tribune shareholders approve takeover by Alden Global – Times News Online

Tribune shareholders approve takeover by Alden Global – Times News Online
tnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tnonline.com Daily Mail and Mail on Sunday newspapers.

Who owns Alden Global Capital? Hedge fund known for cost-cutting to take over Tribune Publishing in $630m deal

Who owns Alden Global Capital? Hedge fund known for cost-cutting to take over Tribune Publishing in $630m deal
meaww.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from meaww.com Daily Mail and Mail on Sunday newspapers.

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