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A Pioneering Black Singer's Compositions, Long Forgotten, May Finally Have an Audience – Texas Monthly

A Pioneering Black Singer's Compositions, Long Forgotten, May Finally Have an Audience – Texas Monthly
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Alden closes purchase of Hartford Courant, other Tribune titles

Hedge fund Alden Global Capital on Monday officially closed its $633 million acquisition of Tribune Publishing Co., placing all of the Tribune-owned newspapers, including the Hartford Courant, under Alden’s control.

Tribune shareholders voted Friday to sell the media conglomerate to Alden, a deal that had been in the works since early this year. Workers at various Tribune-owned publications, including the Courant, protested the merger and called on Tribune investors to turn down the offer, but over 80% of the shares not already held by Alden voted in favor. ....

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Tribune shareholders approve Alden buyout of Hartford Courant, other U.S. newspapers


The Hartford Courant, Connecticut’s largest daily newspaper, is headed toward new ownership.
According to a report from the Chicago Tribune, investors in Tribune Publishing Co., which owns the Courant and several other highly visible U.S. publications, voted Friday morning to approve the company’s sale to Alden Global Capital, a New York-based hedge fund that has become notorious for buying up financially distressed newspapers and then aggressively cutting costs, including staff.
The Chicago Tribune, which is one of the Tribune-owned publications, said the deal is expected to close by June 30.
Alden in February offered to purchase the Chicago-based media conglomerate for $17.25 per share, or about $630 million, and Tribune ultimately counseled its shareholders to vote in favor of the deal after considering and then turning down a longshot rival bid that could have set up the company’s newspapers as nonprofit entities. ....

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