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Tag Archives: newspapers

Alden puts its stamp on Tribune, Baltimore Sun owner, with new debt and leadership

FILE - In this Monday, April 25, 2016, file photo, Chicago Tribune and other newspapers are displayed at Chicago's O'Hare International Airport.  Hedge fund Alden, Tribune’s largest shareholder, has offered to buy the rest of the newspaper publisher, Thursday, Dec. 31, 2020,  at a price that values it at $520.6 million.   (AP Photo/Kiichiro Sato, File)

After Hedge fund Alden Global Capital closed its deal for Tribune Publishing on Monday, it wasted little time installing new leadership and saddling the newspaper chain with $278 million in debt that it took on for the acquisition, according to regulatory filings.

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Shareholders approve hedge fund Alden’s takeover of Tribune, owner of Baltimore Sun

The Baltimore Sun Building (File)

Shareholders of Tribune Publishing, one of the country’s largest newspaper chains and the owner of The Baltimore Sun, approved a $630 million takeover bid by hedge fund Alden Global Capital on Friday, the company said in a brief statement.

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Adelson family confirms ownership of Las Vegas newspaper

LAS VEGAS — The family of billionaire casino mogul and GOP kingmaker Sheldon Adelson confirmed in a statement to the Las Vegas Review-Journal that they are the new owners of Nevada’s largest newspaper, ending a week of speculation and demands by staff, ...

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Zuckerman considers selling New York Daily News

The New York Daily News may be sold, its publisher and billionaire owner, Mort Zuckerman, said in a memo. Potential buyers contacted him a few weeks ago to gauge his interest in selling the tabloid newspaper, he said in a ...

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