Tribune shareholders approve hedge fund Alden s bid roanoke.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from roanoke.com Daily Mail and Mail on Sunday newspapers.
Shareholders of Tribune Publishing, one of the country’s largest newspaper chains, will vote Friday on whether to be acquired by a hedge fund that already owns one-third of the company and favors aggressive cost-cutting to boost profits
Tribune investors vote on Alden deal; outcome questioned
Tali Arbel
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FILE - In this Monday, April 25, 2016, file photo, Chicago Tribune and other newspapers are displayed at Chicago s O Hare International Airport. Shareholders of Tribune Publishing, one of the countrys largest newspaper chains, will vote Friday, May 21, 2021, on whether to be acquired by a hedge fund that already owns one-third of the company and favors aggressive cost-cutting to boost profits. (AP Photo/Kiichiro Sato, File) (Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistribu)
Shareholders of Tribune Publishing, one of the country’s largest newspaper chains, voted Friday on a takeover bid by hedge fund Alden Global Capital. In a statement, Alden appeared to say the deal was approved, an assertion questioned by the union representing Tribune journalists.