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alden global capital

The Atlantic November 2021 Cover-Story Press …

For The Atlantic 's November issue, McKay Coppins reports on Alden Global Capital, the secretive hedge fund that controls more than 200 newspapers.

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Eight US newspapers sue ChatGPT-maker OpenAI and …

All of the newspapers are owned by Alden Global Capital. Microsoft declined to comment Tuesday. OpenAI said in a statement that it takes care to support news organizations. RELATED COVERAGE Singer's lawsuit adds to growing claims against Sean 'Diddy' Combs. Fearless Fund drops grant program for Black women …

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Hedge fund known for cutting journalism jobs is seeking to …

Alden Global Capital, a hedge fund known for gutting local newsrooms, said Monday it is seeking to buy Lee Enterprises, a publicly traded chain of daily …

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Alden Global to buy Tribune Publishing for $630 million

Alden Global Capital is aiming to consolidate ownership of such storied newspapers as the Chicago Tribune, New York Daily News, Hartford Courant, the ian-Pilot, Orlando Sentinel and the ...

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Major Newspaper Company Will Stop Endorsing National …

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 Will Buy Tribune Publishing In $630

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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The Baltimore Sun explores the question of whether there …

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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Swiss Billionaire Joins the Bidding for Tribune Publishing

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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Chicago Tribune, Baltimore Sun, other papers sold to hedge fund Alden

Tribune investors on Friday voted to sell Chicago's flagship paper and several other U.S. dailies to Alden Global Capital, a hedge fund long criticized by advocates who say it prioritizes profits ...

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Hedge Fund Alden Global Sees Victory With Tribune Media Sale

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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Alden Global Capital, LLC Announces Offer to Acquire Lee …

Alden Global Capital, LLC ("Alden") is a significant investor in American newspapers, with platforms including MediaNews Group, Inc. and Tribune Publishing Company (collectively referred to as ...

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Meet the Hedge Fund Boss Who Just Bought …

Mr. Freeman, the president of Alden Global Capital LLC, is poised to become the leader of the second-largest U.S. newspaper company, following the firm's takeover of Tribune.

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Alden Global

Alden Global Capital is an investment manager based in West Palm Beach, FL.

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Alden Global Capital to acquire Tribune Publishing after …

Associated Press Alden Global Capital to acquire Tribune Publishing after shareholders approve takeover Alden, which already owned nearly one-third of Tribune, stands to take full control of the ...

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Hedge fund Alden Global is buying newspaper chain Tribune Publishing

Hedge fund Alden Global Capital will acquire the rest of what it does not already own of Tribune Publishing, owner of the Chicago Tribune, the New York Daily News and other local newspapers, in a ...

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'The Investment Firms Leave Behind a Barren Wasteland'

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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My Newspaper Was Gutted by Journalism's Biggest Bogeyman

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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Alden closes $633 million purchase of Tribune Publishing; …

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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Hedge fund Alden's bid to buy Chicago Tribune, other …

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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'Vulture' Fund Alden Global, Known For Slashing …

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 to buy Tribune Publishing for $630 million

Chicago-based Tribune Publishing on Tuesday announced a proposed sale to hedge fund Alden Global Capital in a deal valued at $630 million.

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Alden Global Capital could offer journalism a blueprint for …

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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Alden Global Capital

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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Alden Global Capital Limited

Alden Global Capital is a privately owned hedge fund sponsor. The firm launches and manages hedge funds. It invests in the public equity and fixed income markets across …

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How this 'vulture' hedge fund's gutting of local …

A look at Alden Global Capital is the cover story of the latest issue of The Atlantic. Staff writer McKay Coppins joins John Yang with more. Full Episode. Sunday, Sep 8. Close Menu.

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Alden Global Capital to acquire Tribune Publishing after …

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 is buying and gutting local …

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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8 Daily Newspapers Sue OpenAI and Microsoft Over A.I.

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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Hedge fund known for cutting journalism jobs is seeking …

Alden Global Capital, a hedge fund known for gutting local newsrooms, said Monday it is seeking to buy Lee Enterprises, a publicly traded chain of daily newspapers and other publications that ...

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Meet the journalist tracking Digital First Media's …

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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