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Artis Senior Living Completes $40 Million Equity Raise

Artis Senior Living Completes $40 Million Equity Raise
seniorhousingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seniorhousingnews.com Daily Mail and Mail on Sunday newspapers.

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Tribune Publishing, owner of several major U.S. newspapers, to be acquired by hedge fund known for slashing newsroom jobs


Print article
Alden Global Capital, an investment fund known for acquiring and slashing the operations of newspapers, said it would take over Tribune Publishing Co. of Chicago, the owner of the Chicago Tribune, the Orlando Sentinel and the New York Daily News.
As part of the deal, Tribune will spin off the Baltimore Sun to a nonprofit organization headed by Stewart Bainum Jr., a longtime Maryland businessman and former state legislator.
Bainum’s nonprofit Sunlight for All Institute will also acquire the Capital Gazette in Annapolis, the Carroll County Times in Maryland and several other Baltimore-area weeklies and magazines.
Newspapers have been ravaged by years of competition from digital competitors, especially Facebook and Google. The industry has consolidated in the past few years in an effort to stem the tide of fleeing advertisers and readers. ....

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