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Smith said Monday that he acquired Baltimore Sun Media on Friday from investment firm Alden Global Capital, marking the first time in nearly four decades that The Sun will be in the hands of a local owner. Smith decided to personally buy the newspaper, along with the Capital Gazette papers in Annapolis, Carroll County Times, Towson …
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Eight daily newspapers owned by Alden Global Capital sued OpenAI and Microsoft on Tuesday, accusing the tech companies of illegally using news articles to power their A.I. chatbots.
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Shareholders of Tribune Publishing, one of the country's largest newspaper chains, on Friday approved a takeover by hedge fund Alden Global Capital. Alden, …
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Alden Global Capital stayed on as an owner. Alden owns two chains, MediaNews Group and Tribune, which spiraled after its 2008 bankruptcy after just a year of ownership from private equity ...
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FOR TWO YEARS, JULIE REYNOLDS has cranked out stories about Alden Global Capital, the secretive New York hedge fund that controls Digital First Media, the nation's second-largest newspaper …
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Alden Global Capital revealed a proposal Monday to purchase Lee Enterprise Inc. and its newspapers at $24 a share, casting alarm through the many newsrooms owned by Lee. Lee counts the St. Louis Post-Dispatch, the Omaha World-Herald and the Sioux City Journal among its holdings in the Midwest.
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Alden Global Capital mounts takeover bid for Lee Enterprises The hedge fund has developed a reputation for slashing staff in newsrooms and other departments and selling off real estate at outlets ...
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That closes at least a chapter in hedge fund Alden Global Capital's hostile bid to take over the company. Alden had offered an unsolicited bid in late November at $24 a share.
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The 104-year-old tabloid was scooped up by notorious vulture hedge fund Alden Global Capital, which owns more than 200 newspapers, as part of a $633 million acquisition of Tribune Publishing in ...
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Alden Global Capital has for years been lambasted as the journalism industry's "grim reaper."The investment fund, which owns some 200 publications including such stalwarts as the Chicago ...
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Tribune Publishing shareholders voted Friday to approve hedge fund Alden Global Capital's $633 million purchase of the Chicago-based newspaper chain.The deal, which Tribune Publishing said is ...
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It didn't take long for Alden Global Capital to put its imprint — and significant debt — on Tribune Publishing, after closing its $633 million acquisition of the Chicago-based newspaper ...
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You might have heard of Alden Global Capital's purchase and evisceration of several American newspapers. Now, the New York hedge fund has added mobile home parks to its portfolio with adverse ...
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Alden Global Capital has a reputation for gutting newspapers to generate short-term profits for shareholders. McKay Coppins, a staff writer at The Atlantic, dove deep into the history of Alden and what its ownership could spell for the future of the Tribune in " A Secretive Hedge Fund That Is Gutting Newsrooms " that appears in its latest ...
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Alden Global Capital owns about 200 newspapers in the United States, including The Chicago Tribune, The New York Daily News and The Denver Post. Only Gannett, which owns USA Today and other papers ...
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Alden Global Capital LLC, which already owned a 32% stake in the company, reached an agreement with a special committee appointed by the board to buy the rest of the company for $17.25 a share ...
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Hedge fund Alden Global Capital closed its deal for Tribune on Monday. It wasted little time installing new leadership and saddling the newspaper chain with $278 million in debt it took on for the acquisition, according to regulatory filings.
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Tenants at both parks send their rent checks to a post office box in Englewood, New Jersey, that is associated with Smith Management, the parent company and deeply intertwined affiliate of Alden Global …
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The Tribune newspapers were sold to a hedge fund intent on doubling profit margins. But Alden Global Capital's victory is an indictment of Chicago's philanthropic leadership.
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NPR's A Martínez talks to McKay Coppins of The Atlantic about how a hedge fund, Alden Global Capital, is buying and then …
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You might have heard of Alden Global Capital's purchase and evisceration of several American newspapers. Now, the New York hedge fund has added mobile …
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The New York-based hedge fund Alden Global Capital – known for slashing its newspapers' budgets to extract escalated profits – won shareholder approval Friday for its $633 million bid to acquire...
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Alden Global Capital — a hedge fund known for making steep cuts at the local newspapers it owns — will buy the Chicago Tribune, the New York Daily News and several other big-name local papers ...
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Alden received critical coverage from the editorial staff at the Denver Post, who described Alden Global Capital as "vulture capitalists" after multiple staff layoffs. [12] [22] [23] According to a 2008 filing with the Securities and Exchange Commission, Alden is a division of Smith Management LLC. [3]
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The philanthropist Hansjörg Wyss has teamed with the Maryland hotel executive Stewart Bainum in a bid to upend Alden Global Capital's plan to acquire the newspaper chain.
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To protest the cuts made by new owner Alden Global Capital, staffs plan walkouts Thursday at the Chicago Tribune, ian-Pilot and other prize-winning papers — and warn they could hinder ...
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Alden [Global Capital, a hedge fund that has partnered with PE firms in some of its biggest newspaper takeovers] bought the company. They appointed a new board of directors. To their credit, they ...
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