Hedge fund Alden Global Capital, true to its cut-and-slash reputation, has bought out and let go at least 10% of the newsroom workforce since it acquired Tribune Publishing six weeks ago.

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 ...

After a holiday hiatus, hedge fund Alden Global Capital’s attempt at a hostile takeover of Lee Enterprises is heating up again. Recent developments: Alden made an unsolicited bid of $24 a share ...

Alden, which earlier this year failed in a hostile attempt to engineer a takeover of USA TODAY owner Gannett, bought about 9.07 million shares of Tribune for a total stake of about 25.2%, ...

The bid by Alden Global Capital, which already owns about 200 local newspapers, had faced resistance from Tribune staff and last-ditch competition. Skip to content Skip to site index.

Alden Global Capital, already Tribune’s biggest shareholder, is known for its practice of slashing costs in its newsrooms. By Michael J. de la Merced and Marc Tracy In the latest sign of the ...