Alden goes to court in its takeover battle with Lee Enterprises Alden’s strategy seems to have shifted back to gaining influence and seats on the board to make a case against Lee management. December 15, 2021 Rick Edmonds
Lee’s stock is now trading at way more than Alden Global Capital’s takeover offer It suggests Lee’s newsrooms, which have worried for the last month about deep cuts if Alden takes over, may instead see a fairly stable 2022. December 14, 2021 Rick Edmonds
Lee Enterprises formally rejects takeover offer from Alden Global Capital Lee stocks are up, suggesting that Wall Street agrees that the company can grow if it stays independent — or expects a higher offer from Alden. December 9, 2021 Rick Edmonds
Lee says no to Alden Global Capital’s attempt to nominate directors It’s one more signal that Lee, publisher of 77 dailies, is digging in for a protracted fight against the hedge fund’s hostile takeover attempt. December 3, 2021 Rick Edmonds
As Alden seeks seats on Lee Enterprises’ board, Lee unions urge the board to reject Alden’s takeover Alden previously gained seats on the board of Tribune Publishing as part of its strategy for acquiring control of that company. November 30, 2021 Rick Edmonds
What Alden’s potential acquisition of Lee Enterprises means for 20-plus Midwest papers Lee owns the St. Louis Post-Dispatch, the Omaha World-Herald, the Sioux City Journal and other newspapers around the Midwest. November 23, 2021 Kavahn Mansouri
Alden Global Capital mounts takeover bid for Lee Enterprises The hedge fund has developed a reputation for slashing staff in newsrooms and other departments and selling off real estate at outlets it owns. November 22, 2021 Rick Edmonds
Stewart Bainum Jr. is advertising for help to launch a ‘high profile, well-funded’ news startup in Baltimore Bainum’s bid to buy The Baltimore Sun from Alden Global Capital fell through in the spring. Now he envisions taking on the Sun with a new nonprofit. August 10, 2021 Rick Edmonds
Alden buyouts have eliminated more than 10% of Tribune Publishing newsroom staffing in just six weeks Some former Tribune Publishing papers — like the Chicago Tribune and The Morning Call — lost even more: upwards of 20% of union staff. July 1, 2021 Rick Edmonds
Bad news: mass exits at the Chicago Tribune Almost 40 journalists at the Tribune are taking buyouts and leaving. We feared this would happen, but it doesn’t make it any less of a gut punch. June 23, 2021 Tom Jones
Alden’s buyout offer coincides with the 3rd anniversary of the Capital Gazette shooting At least two staffers have already accepted it, including the paper’s top editor June 17, 2021 Kristen Hare
Journalists at 11 Alden papers in Southern California vote to unionize The new union, SCNG Guild, represents roughly 140 journalists working at the Southern California News Group June 11, 2021 Angela Fu
Done deal, and a worrisome one, too, as Alden completes its Tribune purchase There are fears that the hedge fund will run its new papers as it has the ones it already owns — by slashing payroll and resources. May 26, 2021 Tom Jones
Alden Global Capital appears to win approval for its takeover of Tribune Publishing — with a wrinkle in the vote Los Angeles Times owner Patrick Soon-Shiong, who has a 24% share of Tribune stock, ‘abstained from voting.’ His votes still counted toward approval. May 21, 2021 Rick Edmonds
Alden Global Capital closes in on Tribune Publishing acquisition. Shareholders vote Friday. There are no sure things in a hotly contested takeover like this one, but Alden seems likely to prevail. May 20, 2021 Rick Edmonds
