Journalist lament the sale to Alden Global Capital, who will now own the
Chicago Tribune,
New York Daily News and others
The Chicago Tribune, the New York Daily News, and other newspapers across the US are set to be sold to a hedge fund notorious for cutting newsrooms, in the latest blow to
American journalism.
Alden Global Capital already had a 32% stake in Tribune Publishing, which owns famous names like the Tribune, Daily News, the Hartford Courant and others, and on Tuesday announced it would pay $630m to acquire the entire company.