Done Deal, and a Worrisome One, Too, as Alden Completes Its Tribune Purchase

Alden Global Capital has completed its $633 million purchase of the Tribune Publishing shares it didn’t already own, according to regulatory findings.

What does that mean? Alden now takes over Tribune’s nine metro newspapers, including the Chicago Tribune, The Baltimore Sun, the New York Daily News and Orlando Sentinel. Along with its chain of 70-some dailies in the MediaNews Group, Alden now becomes the second-largest newspaper chain in the U.S.

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