Cost-Cutting Fund Alden Global Wants to Sell Digital First Media

Posted Monday, January 28, 2019 8:01 am

Josh Kosman, Keith J. Kelly and Carleton English | New York Post

Looks like slashing and burning has its limits in the newspaper business.

The secretive hedge fund that owns MNG Enterprises — a controversial newspaper chain hated by journalists for slashing jobs at papers like the Denver Post and The (San Jose) Mercury News — is desperately looking to exit its investment, The Post has learned.

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Cost-Cutting Fund Alden Global Wants to Sell Digital First Media

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