Hedge fund known for slashing newsrooms is taking over the Tribune papers


PBS NewsHour

Published on May 22, 2021

Shareholders for Tribune Publishing approved a $630 million takeover bid by NYC-based hedge fund, Alden Global Capital, known for expanding profits by slashing newsrooms. The unions representing several Tribune newspapers including the Baltimore Sun, Chicago Tribune and Hartford Courant, opposed the deal sparking concerns over the future of local papers. NPR’s David Folkenflik joins.

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