Alden Global Capital and Tribune’s Board are Dancing at the Edge of the Law

Posted Wednesday, June 23, 2021 10:53 am

Julie Reynolds | Nieman Lab

The ink wasn’t dry, but the hushed deal to finance Alden Global Capital’s takeover of Tribune Publishing fell quickly into place in May.

So quickly that the terms for saddling Tribune with hundreds of millions in debt must have been worked out well in advance by Alden and its attorneys.

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Alden Global Capital and Tribune’s Board are Dancing at the Edge of the Law

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