What’s Next for the St. Paul Pioneer Press?

By: Brian Lambert | MinnPost

The decade-long speculation game on the fate of the St. Paul Pioneer Press has ratcheted up — again.

The paper is currently owned by a hedge fund group, Alden Global Capital, and doing business under the corporate banner of Digital First Media. Like other hedge funds that have dallied in newspapers, Alden has never hidden the short-term nature of its investment interest in the PiPress and the 75 other papers it controls, which include the Denver Post, the San Jose Mercury News and the Los Angeles Daily News.

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