Greyhound bus stops are valuable assets. Here's who's cashing …
The terminal closures have been accelerating as Greyhound, the largest carrier, sells its valuable terminals to investors, including investment firm Alden Global Capital . Last year, Alden ...
اقرأ أكثر
Alden Global to buy Tribune Publishing for $630 million
Feb. 16, 2021 8:04 PM PT. Chicago-based Tribune Publishing on Tuesday announced a proposed sale to hedge fund Alden Global Capital in a deal valued at $630 million. Already the largest shareholder ...
اقرأ أكثر
The Atlantic November 2021 Cover-Story Press Release
For The Atlantic 's November issue, McKay Coppins reports on Alden Global Capital, the secretive hedge fund that controls more than 200 newspapers. October 14, 2021. Many people assume that ...
اقرأ أكثر
Swiss Billionaire Joins the Bidding for Tribune Publishing
The philanthropist Hansjörg Wyss has teamed with the Maryland hotel executive Stewart Bainum in a bid to upend Alden Global Capital's plan to acquire the newspaper chain.
اقرأ أكثر
Hedge fund known for cutting journalism jobs is …
New York CNN Business —. Alden Global Capital, a hedge fund known for gutting local newsrooms, is seeking to buy Lee Enterprises (LEE), a publicly traded company with a chain of daily...
اقرأ أكثر
The Baltimore Sun explores the question of whether …
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. …
اقرأ أكثر
The Baltimore Sun bought by Sinclair media executive | AP News
BALTIMORE (AP) — The Baltimore Sun newspaper has been purchased by David D. Smith, the executive chairman of the media conglomerate Sinclair Inc. Smith …
اقرأ أكثر
'60 Minutes' correspondent Jon Wertheim on local
"60 Minutes" correspondent Jon Wertheim did a strong piece that aired Sunday night about the grim state of local newspapers, in part because of how hedge funds, such as Alden Global Capital ...
اقرأ أكثر
ALDEN GLOBAL CAPITAL LLC Top 13F Holdings
Alden Global Capital is based out of Brandon. Alden Global Capital is a hedge fund with 3 clients and discretionary assets under management (AUM) of $764,764,000 (Form ADV from ). Their last reported 13F filing for Q3 2023 included $147,015,608 in managed 13F securities and a top 10 holdings concentration of 81.81%.
اقرأ أكثر
Local newsrooms strained by budget-slashing financial firms
But he says the worst culprit is the hedge fund Alden Global Capital, which bought the Mercury in 2011 and has since sold the paper's building and slashed newsroom staff by about 70%.
اقرأ أكثر
Lee's slate of directors elected, Alden Global Capital
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. Lee quickly said ...
اقرأ أكثر
My newspaper was gutted by journalism's biggest bogeyman
Alden [Global Capital, a hedge fund that has partnered with PE firms in some of its biggest newspaper takeovers] bought the company. They appointed a new board of directors. To their credit, they ...
اقرأ أكثر
Hedge fund Alden Global is buying newspaper chain Tribune Publishing
Hedge fund Alden Global Capital will acquire the rest of what it does not already own of Tribune Publishing (TPCO), owner of the Chicago Tribune, the New York Daily News and other local newspapers ...
اقرأ أكثر
A Vampiric Hedge Fund Is Eating the Pioneer Press Alive
Due in part to Alden's gut job, the leaner Pioneer Press produced a $10 million 2017 profit at a 13% margin, industry analyst Ken Doctor wrote via Nieman Jouralism Lab. That prompted Doctor to posit: "Alden Global Capital is making so much money wrecking local journalism it might not want to stop anytime soon.".
اقرأ أكثر
Alden Global Capital | LinkedIn
Alden Global Capital | 1,518 followers on LinkedIn. Research Director
اقرأ أكثر
Hedge fund takeover of Midwest newspaper chain ends as …
Alden Global Capital, a hedge fund with a reputation for diminishing the newspapers it owns, appears to backing off its attempt to take over the parent company of the St. Louis Post-Dispatch and ...
اقرأ أكثر
The vulture is hungry again: Alden Global Capital wants to buy a …
Shares of Lee Enterprises Inc. rose sharply Monday after hedge fund Alden Global Capital LLC offered to buy the newspaper publisher for about $141 million. Alden, which took Chicago-based newspaper chain Tribune Publishing private in May, said it made a proposal to buy Lee for $24 a share in cash, a 30% premium to Friday's closing price …
اقرأ أكثر
Hedge fund reaches $630m deal to buy remaining Tribune …
Alden Global Capital already had a 32% stake in Tribune Publishing, which owns famous names like the Tribune, Daily News, the Hartford Courant and others, and on Tuesday announced it would pay ...
اقرأ أكثر
The San Diego Union-Tribune sold to Alden Global Capital
Alden Global Capital is the parent company of MediaNews Group, which runs the Southern California News Group papers, among them the Orange County Register, Los Angeles Daily News, Riverside Press ...
اقرأ أكثر
After gutting local newspapers, hedge fund Alden Global is going
Scott Simon speaks to journalist Julie Reynolds about hedge fund Alden Global Capital's purchase of several mobile home parks and its eviction of many of their low-income residents.
اقرأ أكثر
Boundless Greed: Alden walks away from bills, gathers wealth
Randall Smith, cofounder of the hedge fund Alden Global Capital, is infamous for two things: gutting local newspapers and a voracious acquisition of pricey real estate. Although he recently sold off a few of his 16 mansions in Florida, Smith still owns roughly more than $50 million worth of homes in the West Palm Beach area, as well as a …
اقرأ أكثر
Alden Global Capital loses lawsuit to nominate its slate of
A Delaware Chancery Court judge ruled Tuesday that Lee Enterprises followed its bylaws in rejecting hedge fund Alden Global Capital's bid to nominate two candidates for Lee's eight-member ...
اقرأ أكثر
San Diego Union-Tribune buyouts: New owners 'vulture fund' or
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 ...
اقرأ أكثر
Hedge fund president named new head of Tribune …
Alden Global Capital has completed its $633 million purchase of Tribune Publishing, taking the Chicago-based newspaper chain private and adding the Chicago Tribune and other major dailies to …
اقرأ أكثر
Controversial hedge fund Alden Global wins bidding for Chicago …
Alden offered $17.25 a share in cash, making Soon-Shiong's Tribune stake worth about $150 million. Alden already was the company's largest shareholder.
اقرأ أكثر
Hedge Fund Alden Global Capital Poised To Acquire Tribune Publishing
The hedge fund Alden Global Capital is poised to acquire full control of Tribune Publishing. It already owns nearly 200 papers around the country. Those who have worked for the company say: beware.
اقرأ أكثر
The rebirth of local news depends on all of us
Investor Paul Huntsman purchased the Salt Lake Tribune from a media group majority-owned by the hedge fund Alden Global Capital in 2016 and successfully petitioned the Internal Revenue Service for ...
اقرأ أكثر
How this 'vulture' hedge fund's gutting of local newsrooms
A look at Alden Global Capital is the cover story of the latest issue of "The Atlantic," which is currently available online. Staff writer McKay Coppins reported and wrote story and joins us now ...
اقرأ أكثر
How Alden Global Capital Destroys the News
While there is no singular cause for said fall, one name stands out as a key accomplice in the death of local news: Alden Global Capital. The decline of local news is not just some old tradition in decline. Since 2004, 2,000 American newspapers have gone out of business, making local news a struggling industry despite its incredible importance ...
اقرأ أكثر