With plans to own more shares of Tribune by January, hedge fund says the relationship between two chains is “deepening”
By Julie Reynolds
Editor’s note: This article first appeared on DFMworkers.org on Sept. 11, 2020.
Sept. 11, 2020 – In an abrupt strategy change, hedge fund Alden Global Capital appears committed to staying in the news business, after the pandemic created an unexpected new profit stream, internal company reports show.
The reports, which describe the financial picture of the Alden-owned newspaper chain MNG Enterprises, were obtained by DFMworkers.org after they were distributed at an internal staff meeting last month. Continue reading “Company documents show Alden is overhauling its newspaper strategy after pandemic brings surprise windfall”