Who Profits From Alden Global Capital? You’d Be Surprised.

As a reporter who’s covered Alden Global Capital for more than two years, people often ask me who are the investors behind the hedge fund that owns one of America’s largest newspaper chains?

They want to know who exactly profits when we learn, as Harvard Nieman Lab’s Ken Doctor recently reported, that the firm netted $160 million last year from its Digital First Media newspapers.

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