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Hedge fund Alden's bid to buy Tribune Publishing, including The Baltimore Sun, approved by shareholders

Tribune Publishing shareholders voted Friday to approve hedge fund Alden Global Capital’s $633 million purchase of the Chicago-based newspaper chain that owns The Baltimore Sun. ....

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KUOW - 'Vulture' Fund Alden Global, Known For Slashing Newsrooms, Buys Tribune Papers

Baltimore Sun reporter Jean Marbella participates in a Save Our Sun rally in March, part of an effort to secure an alternative buyer to Alden Global Capital.
Credit:
AFP via Getty Images
Vulture Fund Alden Global, Known For Slashing Newsrooms, Buys Tribune Papers
By
at
8:53 am
NPR
The New York-based hedge fund Alden Global Capital â known for slashing its newspapers budgets to extract escalated profits â won shareholder approval Friday for its $633 million bid to acquire the Tribune Publishing newspaper chain.
The purchase represents the culmination of Alden s years-long drive to take over the company and its storied titles â including the Chicago Tribune, The Baltimore Sun, New York Daily News and major metro papers from Hartford, Conn., to Fort Lauderdale, Fla. ....

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Hedge fund Alden's bid to buy Tribune Publishing, including The Baltimore Sun, approved by shareholders

Hedge fund Alden's bid to buy Tribune Publishing, including The Baltimore Sun, approved by shareholders
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'Project Mayhem': Reporters Race To Save Tribune Papers From 'Vulture' Fund

Listen • 4:33
em Baltimore Sun /em reporter Liz Bowie, shown at center, has helped to lead an effort by Tribune Publishing s journalists to seek new owners for its papers and hold a hedge fund at bay.
Journalists working for the storied newspapers of Tribune Publishing Company are racing against the most intense deadline of their careers to find new owners for their company before May 21.
That s when the hedge fund Alden Global Capital, infamous for stripping newsrooms to the bone, is poised to make good on its plans to buy the chain in a $635 million deal. Alden already holds half of Tribune Publishing s publicly traded shares. ....

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'Project Mayhem': Reporters Race To Save Tribune Papers From 'Vulture' Fund

'Project Mayhem': Reporters Race To Save Tribune Papers From 'Vulture' Fund
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