Cash from understaffed DFM papers was used to finance stock purchase
This article first appeared on the website of DFMworkers.org on Jan. 29, 2020
By Julie Reynolds
Jan. 30, 2020 – Alden Global Capital, the New York vulture hedge fund gutting Digital First Media newspapers, has acquired a $9.2 million stake in one of its rivals, Lee Enterprises, siphoning money from Alden’s highly profitable and understaffed papers to finance the stock purchase. Continue reading “Now Alden is circling Lee newspapers”
