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]
Hedge fund Alden Global Capital, known for making deep newsroom cuts, won approval to acquire Tribune Publishing, which includes the Chicago Tribune, The Baltimore Sun and New York Daily News.
ALDEN GLOBAL CAPITAL LIMITED ( CRD # 156872/SEC#:802-76108 ) ALDEN GLOBAL CAPITAL, ALDEN GLOBAL CAPITAL LIMITED. View latest Form ADV filed. The investment adviser you have selected is NOT currently registered and is NOT filing reports with the SEC or any state. REGISTRATION STATUS.
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.
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 …
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 ...
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 ...
Hedge fund Alden Global Capital closed its deal for Tribune on Monday. It wasted little time installing new leadership and saddling the newspaper chain with $278 million in debt it took on for the acquisition, according to regulatory filings.
The bid by Alden Global Capital, which already owns about 200 local newspapers, had faced resistance from Tribune staff and last-ditch competition. Share full article. 81.
ALDEN GLOBAL CAPITAL ( CRD # 161333/SEC#:801-73906 ) ALDEN GLOBAL CAPITAL, ALDEN GLOBAL CAPITAL LLC. View latest Form ADV filed. The investment adviser you have selected is NOT currently registered and is NOT filing reports with the SEC or any state. REGISTRATION STATUS. SEC / JURISDICTION. REGISTRATION …
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 …
Sen. Susan Collins, R-Maine, works her way through reporters to the Senate floor as deliberations continued on the economic stimulus bill at the Capitol, Friday, Feb. 6, 2009, in Washington.
That closes at least a chapter in hedge fund Alden Global Capital's hostile bid to take over the company. Alden had offered an unsolicited bid in late November at $24 a share.
The hedge fund has made an unsolicited takeover bid of $24 per share in an all-cash deal to acquire Lee Enterprises, the owner of the St. Louis Post-Dispatch and other newspapers across the country.
But Mr. Brandt realizes that the Alden Global Capital goliath is concerned about its investors, not the desires of some $46,342-a-year newspaper reporter with a son in college and a wife with ...
Alden Global Capital's $635 million acquisition of Tribune Publishing TPCO.will probably survive a last-ditch effort by the NewsGuild to derail it.
Alden Global Capital, LLC ("Alden") is a significant investor in American newspapers, with platforms including MediaNews Group, Inc. and Tribune Publishing …
Alden Global Capital, a hedge fund known for consolidating local news companies for profit, is suing local newspaper company Lee Enterprises, days after Lee's board unanimously voted to reject ...
The company which owns the Chicago Tribune, the Baltimore Sun and the Hartford Courant has sold itself to Alden Global Capital, a hedge fund known for slashing its other newspaper holdings.
A visit to the hedge fund's website yielded a single homepage photo of what appear to be redwood trees and the statement "Alden Global Capital is an investment manager based in West Palm Beach, FL ...
NPR's A Martínez talks to McKay Coppins of The Atlantic about how a hedge fund, Alden Global Capital, is buying and then gutting newspapers — and the …
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 ...
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.
For The Atlantic's November issue, McKay Coppins reports on Alden Global Capital, the secretive hedge fund that controls more than 200 newspapers.
The founders of Alden Global Capital — the infamous 'destroyer of newspapers' — are walking away from unpaid bills as they amass ever more personal wealth (and continue to gut news organizations) Editor's Note: The article first appeared on the website Save Local News on Sept. 23.
Alden Global Capital mounts takeover bid for Lee Enterprises The hedge fund has developed a reputation for slashing staff in newsrooms and other departments and selling off real estate at outlets ...
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 ...
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 ...
CHICAGO, Feb. 16, 2021 /PRNewswire/ -- Tribune Publishing Company (NASDAQ: TPCO) ("Tribune" or the "Company") and affiliates of Alden Global Capital ("Alden") today announced that they have ...