Alden Closes $633 Million Purchase of Tribune Publishing

Posted

It didn’t take long for Alden Global Capital to put its imprint — and significant debt — on Tribune Publishing, after closing its $633 million acquisition of the Chicago-based newspaper chain Monday.

The New York-based hedge fund leveraged Tribune Publishing with two loans totaling $278 million, removed CEO Terry Jimenez and installed Alden President Heath Freeman to lead the company, according to a Securities and Exchange Commission filing Tuesday.

Click here to read more.

Comments

No comments on this item Please log in to comment by clicking here


Scroll the Latest Job Opportunities From The Media Job Board