Alden Global Capital is Now Circling Lee Newspapers

Posted Thursday, January 30, 2020 7:43 am

Julie Reynolds | DFM Workers

Alden Global Capital, the New York vulture hedge fund gutting Digital First Media newspapers, has acquired a $9.2 million stake in one of its rivals, Lee Enterprises, siphoning money from Alden’s highly profitable and understaffed papers to finance the stock purchase.

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Alden Global Capital is Now Circling Lee Newspapers

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