April 1, 2021

A Tug of War Between a Billionaire and a Hedge Fund Over Local News

by The Journal.

Background show artwork for The Journal.
Alden Global Capital, a hedge fund known for its cost-cutting approach to local newspapers, had made a bid to buy Tribune Publishing, a conglomerate of local papers including the Chicago Tribune and the Baltimore Sun. Then, a billionaire put in an offer of his own. WSJ's Lukas Alpert details the face-off between the hedge fund and the billionaire, which could forever change the newspapers caught in the middle.

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