Alden Global Capital
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In a deal worth $633M, Tribune Publishing shareholders approved the sale of the media organization to hedge fund Alden Global Capital at a special shareholders’
In separate legal actions, three shareholders hope to block the sale of Tribune Publishing to Alden Global Capital.
A pair of billionaires outbids hedge fund Alden Global Capital for Tribune Publishing by $50 million.
Alden Global Capital has competition in its bid to buy Tribune Publishing. Two businessman and philanthropists have beat their bid by $20 million.
After years of chasing after Tribune Publishing, Alden Global Capital has finally grasped the golden goose in a $630M cash deal.
In December, Alden Global Capital made a preliminary proposal to buy Tribune Publishing for $520 million and take the company private.
For Q2 2020, Tribune Publishing reports a 39.7% increase in digital-only subscribers and a 49.9% increase in digital subscription revenue.
The New York Times pulls out of Apple News, Alden Global Capital adds a board member to Tribune Publishing, and major brands boycott Facebook ads.
Google Chrome browser extensions are used in spyware attacks, WW shares jump 20% with subscriber growth, eMarketer shares COVID-19 consumer shopping trends
In its first quarter earnings report, Tribune Publishing revealed 30.7% growth in digital subscribers, along with revenue declines and a net loss of $44M.
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