December 8, 2021

ACN News

Area Control Network News | Breaking News

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

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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