Chicago Tribune’s New Investor Is Hedge Fund Known for Layoffs – Bloomberg

Michael Ferro, the largest shareholder in Tribune Publishing Co., sold his 25% stake in the newspaper company for about $118 million to Alden Global Capital LLC, a hedge fund known for making deep cuts to newsrooms.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE