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KUOW - 'Vulture' Fund Alden Global, Known For Slashing Newsrooms, Buys Tribune Papers


Baltimore Sun reporter Jean Marbella participates in a Save Our Sun rally in March, part of an effort to secure an alternative buyer to Alden Global Capital.
Credit:
AFP via Getty Images
Vulture Fund Alden Global, Known For Slashing Newsrooms, Buys Tribune Papers
By
at
8:53 am
NPR
The New York-based hedge fund Alden Global Capital – known for slashing its newspapers budgets to extract escalated profits – won shareholder approval Friday for its $633 million bid to acquire the Tribune Publishing newspaper chain.
The purchase represents the culmination of Alden s years-long drive to take over the company and its storied titles – including the Chicago Tribune, The Baltimore Sun, New York Daily News and major metro papers from Hartford, Conn., to Fort Lauderdale, Fla. ....

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2:00PM Water Cooler 5/21/2021 | naked capitalism


Readers, I got a late start
again. I will add more shortly. –lambert
Bird Song of the Day
The Changeable Hawk-Eagle. (I confess I’ve been choosing these eagles because of their names, but their songs have been really various.)

#COVID19
At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site.
I feel I’m engaging in a macabre form of tape-watching. All the charts are becoming dull approaching nominal, if you accept the “new normal” of cases, for example.
Still upward movement.
“Pentagon push has more US servicemembers getting vaccinated” [FOX News]. “Now 71% of troops surveyed say they have gotten the vaccine or plan to do so. Only 39% of active-duty spouses say they plan to get vaccinated – which could be a problem as hundreds of thousands of troops and their families plan to move to new bases this summer. If the 600,000 troops and their families don’ ....

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