Anonymous ID: 383386 Dec. 31, 2020, 3:15 p.m. No.12257318   🗄️.is 🔗kun   >>7428

Newspaper ownership changing hands…

 

Hedge fund Alden Global Capital is looking to buy Tribune Publishing and take the Chicago-based newspaper company private in a deal valued at $520 million.

 

Alden, which already owns 32% of the company that owns The Baltimore Sun and other news organizations, made a nonbinding proposal Dec. 14 to buy out other shareholders for $14.25 per share, according to a filing Thursday with the Securities and Exchange Commission.

 

https://www.baltimoresun.com/business/bs-bz-alden-tribune-baltimore-20201231-v6drvcugfzddte3u5ert54mexi-story.html