HEDGE FUND ALDEN IN HUNT FOR ANOTHER BIG NEWSPAPER CHAIN
Nov 27, 2021
2 minutes
Image: Jeff Roberson
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.
In a news release, Alden said it sent Lee’s board a letter with the offer. It already owns 6% of Lee’s stock
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