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Keyword: newspaperschicago

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  • Chicago Tribune staffers seek new owners amid fears of hedge fund takeover: 'We're doing everything in our power to try to stop them'

    02/05/2020 11:55:55 AM PST · by re_tail20 · 18 replies
    cnn ^ | January 20, 2020 | Brian Stelter
    Reporters at the Chicago Tribune are trying to find a new owner for their newspaper. They're doing it because they're afraid of Alden Global Capital's plans for all of the papers owned by Tribune Publishing. Alden, a New York-based hedge fund, recently became the largest shareholder in the struggling publishing company. Alden has a terrible reputation in the newspaper industry due to its history of slashing jobs and sucking up short-term profits from other papers it controls. "We're doing everything in our power to try to stop them," Gary Marx, a 31-year veteran of the Chicago Tribune, told CNN Business....