Home Business Hedge fund Alden to buy Tribune Publishing in deal valued at $630 million

Hedge fund Alden to buy Tribune Publishing in deal valued at $630 million

by staff

“Over the past year, the Company has taken a number of actions to adapt to an ever-changing business and industry environment, including the impact of COVID-19,” said Philip Franklin, board chair and a member of the special committee. “These actions included strengthening the Company’s financial position, driving digital growth and investing in high-quality content to better serve customers, employees and communities. This positioning enabled the special committee to negotiate a premium, all-cash price, which the committee concluded was superior to the available alternatives.”

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