Alden Clashes With Billionaire Over Future of Tribune—and of Local News – Wall Street Journal*

April 10, 2021

A few weeks ago, New York hedge fund Alden Global Capital LLC was on the verge of acquiring Tribune Publishing Co. —home to the Chicago Tribune, Baltimore Sun and other U.S. metro newspapers—with seemingly no one in its way. Then it offended one of its partners in the deal, setting off a battle that could help shape the future of local news in America.

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