Feder: Is Alden on the move at Tribune Publishing?

  • Alden Global Capital, the New York-based hedge fund that owns 33 percent of Tribune Publishing shares, is now free to increase its stake in the company.

    Alden Global Capital, the New York-based hedge fund that owns 33 percent of Tribune Publishing shares, is now free to increase its stake in the company.

 
 
Updated 6/30/2020 6:23 AM

Staffers at the Chicago Tribune are bracing for bad news -- but hoping for a miracle. Today marks end of the standstill agreement for Alden Global Capital, the New York-based hedge fund that owns 33 percent of Tribune Publishing shares, Robert Feder writes.

That means Alden is now free to increase its stake in the company -- including the possibility of acquiring the 24 percent held by Patrick Soon-Shiong, owner of the Los Angeles Times.

                                                                                                                                                                                                                       
 

Get the full report, and more Chicago media news, at robertfeder.com.

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