what newspapers does alden global capital own

It . In 2011, Paton launched an ambitious initiative he called Project Thunderdome, hiring more than 50 journalists in New York and strategically deploying them to supplement short-staffed local newsrooms. But outside the industry, few seemed to notice. It felt important. My question was did Knight know what Alden was doing to newspapers when it invested with the hedge fund, and does it regret that investment now? We dont hear from them Theyre, like, nameless, faceless people., In the months that followed, the Sun did not immediately experience the same deep staff cuts that other papers did. They could be vain, bumbling, even corrupt. When the sale failed to attract a sufficiently high offer, Freeman turned his attention to squeezing as much cash out of the newspapers as possible. He writes a weekly column called Mugger that savages the citys journalists by name and frequently runs to 10,000 words. Opinions - Help yourself. Is it ever okay to nick an idea? Daily News spinoff stirs anxiety after Alden takeover - New York Post Heath hopes the well never runs dry, but hes going to keep pumping until it does. Billionaires battle for Tribune Publishing | The Economist He scores big with a bankrupt aerospace manufacturer, and again with a Dallas-based drilling company. [12] Lee owns daily newspapers in 77 markets in 26 states, and about 350 weekly and specialty publications. About a month after The Baltimore Sun was acquired by Alden, a senior editor at the paper took questions from anxious reporters on Zoom. In its bid to acquire Tribune Publishing, the hedge fund Alden Global Capital vowed to provide $375 million in cash to the owner of the Chicago Tribune, the Baltimore Sun and other titles a . Alden began its acquisition of Tribune Publishing in 2019, when they paid $117.9 million to Michael Ferro for his 25.2-percent stake. Alden Global Capital already had a 32% stake in Tribune Publishing, which owns famous names like the Tribune, Daily News, the Hartford Courant and others, and on Tuesday announced it would pay . Live news: US manufacturing sector contracts for fourth straight month Smith. So who is investing with them? Hedge fund Alden Global Capital, one of the country's largest newspaper owners with a reputation for intense cost cuts and layoffs, has offered to buy the local newspaper chain Lee Enterprises for about $141 million.

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