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Home Entertainment Media Alden Global Capital Seeks to Buy Tribune Publishing Outright (Report)

Alden Global Capital Seeks to Buy Tribune Publishing Outright (Report)

Document Analysis NLP IA

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objective
redaction

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probably it's an affirmation
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Summary (IA Generated)

Photo credit: Tribune Publishing.

Alden has a 32% stake in Tribune Publishing and could make an offer to buy the rest of the company as soon as Thursday, according to WSJ.

Alden bought 25% of Tribune Publishing, the parent company of the Chicago Tribune and the New York Daily News among other papers, in August 2019 for $13 per share, in a deal with from Merrick Ventures and Michael W.

And in 2019, the San Jose Mercury News Guild staged its own protest against Alden, accusing the company of siphoning away profits and assets from its newspapers to fund ventures unrelated to journalism.

Alden’s MediaNewsGroup owns the Denver Post, the San Jose Mercury News, the Oakland Tribune, and a slew of other daily newspapers and weeklies, mostly in California.


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