Tribune shareholders vote to approve Alden takeover

Home > Business
By Gesard in Business
Updated 3 years ago

Shareholders for Tribune Publishing voted to approve a roughly $630 million takeover of its newspaper company by Alden Global Capital, a hedge fund known for cutting journalists at local papers to maximize profits. Why it matters: A takeover almost certainly means job cuts at many of America's most storied local...

tribune-shareholders-vote-to-approve-alden-takeover