Capitalize Financial
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
Capitalize Financial
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Markets

Tribune shareholders approve sale of newspapers to Alden

by capitalizefinancial
May 23, 2021
in Markets
0
Tribune shareholders approve sale of newspapers to Alden

A deal to sell the newspapers of Tribune Publishing has been approved by the company’s shareholders.

The approval of Alden Global Capital’s $630 million takeover bid came Friday, Tribune said in a statement.

Alden already owned nearly one-third of Tribune, becoming its largest shareholder in 2019.

The deal involves Alden taking full control of nine papers including the Chicago Tribune, Baltimore Sun and the New York Daily News.

The hedge fund has a reputation for slashing staff and deep cost-cutting, according to the Washington Post..

Alden owns the Boston Herald, Denver Post and San Jose Mercury News through its Digital First Media chain.

With Tribune, Alden is the second-largest newspaper company in the country, after Gannett.

The Los Angeles Times is owned by California biotech billionaire Patrick Soon-Shiong and is unaffected by the sale.

The deal drew opposition from many of the company’s journalists in an unusual spate of employee activism. They set up rallies, tried to find local buyers and begged for a rescue in their own newspapers.

Read more

Previous Post

Amazon shuts down Connecticut construction site after seven apparent nooses found

Next Post

Stafford extends deadline for personal property, real estate taxes

Next Post
Stafford extends deadline for personal property, real estate taxes

Stafford extends deadline for personal property, real estate taxes

Search…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial’s ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.

Recent News

Most say nation on wrong track, including Dems: AP-NORC poll

Peaky Blinders: The True Story Behind Alfie’s Uncle Charles Solomons

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • Georgia
  • health
  • Markets
  • Music
  • Politics
  • Real Estate
  • receipe
  • Science
  • science
  • Sports
  • Sports
  • Tech
  • Travel
  • World

Site Navigation

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

Capitalize Financial, a news portal which provides the financial news global wide.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

© 2021 Capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Markets
  • Real Estate

© 2021 Capitalize Financial All Rights Reserved