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Humor

KS Toronado

(20,969 posts)

4. When gathering these I too wondered who Alden was

Reply to captain queeg (Reply #2)

Thu Jul 11, 2024, 02:33 AM

Jul 2024

After a few searches, it appears Alden is a company not a person.

'Vulture' Fund Alden Global, Known For Slashing Newsrooms, Buys Tribune Papers

The New York-based hedge fund Alden Global Capital – known for slashing its newspapers' budgets
to extract escalated profits – won shareholder approval Friday for its $633 million bid to acquire the
Tribune Publishing newspaper chain.

More at link, no paywall...........

https://www.npr.org/2021/05/21/998730863/vulture-fund-alden-global-known-for-slashing-newsrooms-buys-tribune-papers