A Texas family clung to life on their roof, capturing the terrifying flooding in photos and video
Read full article: A Texas family clung to life on their roof, capturing the terrifying flooding in photos and videoA retired nurse, her son and a family friend say they were lucky to survive last week's flash floods in Texas that killed more than 100 people, including many summer campers.
News publisher Lee faces renewed pressure from hedge funds
Read full article: News publisher Lee faces renewed pressure from hedge fundsNewspaper publisher Lee Enterprises is facing renewed pressure from a hedge fund to speed up its transition to digital publishing and consider adding new digital-savvy leaders to its board.
Lee Enterprises directors reelected despite hedge fund fight
Read full article: Lee Enterprises directors reelected despite hedge fund fightThree directors at newspaper publisher Lee Enterprises have been reelected over the objections of the hedge fund that has been trying to buy the company since last fall.
Hedge fund loses ruling in Lee Enterprises takeover fight
Read full article: Hedge fund loses ruling in Lee Enterprises takeover fightA judge has cleared the way for newspaper publisher Lee Enterprises to use a voting system that will ensure two longtime directors are reelected at its upcoming annual meeting despite the objections of a hedge fund that is trying to buy the company.
Judge backs Lee Enterprises rejection of hedge fund nominees
Read full article: Judge backs Lee Enterprises rejection of hedge fund nomineesLee Enterprises effort to repel a hostile takeover got a boost this week when a judge ruled the newspaper publisher could ignore two director nominations from the Alden Global Capital hedge fund.
Alden hedge fund appeals to investors in news publisher Lee
Read full article: Alden hedge fund appeals to investors in news publisher LeeThe Alden Global Capital hedge fund is sending its own appeal to shareholders of newspaper publisher Lee Enterprises as part of its campaign to acquire the company.
Lee Enterprises rejects takeover bid from Alden hedge fund
Read full article: Lee Enterprises rejects takeover bid from Alden hedge fundNewspaper publisher Lee Enterprises has rejected a takeover offer from the Alden Global Capital hedge fund that is one of the largest newspaper owners in the country with a reputation for intense cost cuts and layoffs.
Hedge fund Alden in hunt for another big newspaper chain
Read full article: Hedge fund Alden in hunt for another big newspaper chainHedge fund Alden Global Capital, one of the countryโs largest newspaper owners with a reputation for intense cost cuts and layoffs, has offered to buy the local newspaper chain Lee Enterprises for about $141 million.
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Alden puts its stamp on Tribune with new debt and leadership
Read full article: Alden puts its stamp on Tribune with new debt and leadershipHedge fund Alden Global Capital closed its deal for Tribune on Monday and has installed new leadership and saddled the newspaper chain with $278 million in debt, according to regulatory filings.
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Tribune agrees to purchase by hedge fund for $630 million
Read full article: Tribune agrees to purchase by hedge fund for $630 millionFILE - In this April 12, 2006, file photo, flags wave near the Chicago Tribune Tower in downtown Chicago. Newspaper publisher Tribune has agreed to be sold to Alden Global Capital, a hedge fund known for cutting costs and eliminating newsroom jobs, in a deal valued at $630 billion. (AP Photo/Charles Rex Arbogast, File)CHICAGO โ The newspaper publisher Tribune has agreed to be sold to Alden Global Capital, a hedge fund known for cutting costs and eliminating newsroom jobs, in a deal valued at $630 million. Alden became Tribune Publishingโs largest shareholder in 2019; it holds a 32% stake. AdThe success of the Tribune deal hinges on securing the votes of biotech billionaire and Los Angeles Times owner Patrick Soon-Shiong, who owns about 24% of Tribune Publishing, and shareholder Mason Slaine, a former media executive who owns about 8%, according to the Chicago Tribune.
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Hedge fund Alden offers to buy Tribune, valuing it at $521M
Read full article: Hedge fund Alden offers to buy Tribune, valuing it at $521MHedge fund Alden, Tribunes largest shareholder, has offered to buy the rest of the newspaper publisher, Thursday, Dec. 31, 2020, at a price that values it at $520.6 million. (AP Photo/Kiichiro Sato, File)Hedge fund Alden, Tribune's largest shareholder, has offered to buy the rest of the newspaper publisher at a price that values it at $520.6 million. Alden owns 31.6% of Tribune shares. The unions at Tribune papers have pushed for alternative buyers for the company's papers. Tribune shares rose $1.18, or 9.2%, to $13.97 in late morning trading.
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