According to the New York Times, a New York hedge fund Alden Global Capital may have to fend off a new suitor for Tribune Publishing that owns major metropolitan dailies across the country, including The Chicago Tribune, The Daily News and The Baltimore Sun.
- Who is the group that may want to control Tribune Publishing?
- Why have journalists criticized the Alden hedge fund?
- What are the nonprofit group’s plans if they are successful in controlling Tribune Publishing?
- Explain the nondisclosure agreement mentioned in the article.
Tracy, M. (2021) New Suitor May Enter Fray for Tribune Publishing. The New York Times, March 14 (Retrievable online at https://www.nytimes.com/2021/03/14/business/tribune-hedge-fund-alden-newspapers-sale.html)