MEDIA
Alden Global Capital has sunk its claws into yet another newspaper company: Lee
MEDIA

Alden Global Capital has sunk its claws into yet another newspaper company: Lee

Published: February 11, 2020  |  4 min read, 798 words
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HOME          LATEST STORY                    Jan. 30, 2020, 2:28 p.m.Yesterday, Ken Doctor and I to sell Berkshire Hathaway’s newspapers to Lee Enterprises and how it was another move in the rapid consolidation of the American newspaper industry.But just a few minutes after I hit publish, the story turned more sinister. Alden Global Capital that it had purchased a 5.9 percent stake in Lee, through its newspaper holding company MNG Enterprises.For those who need a reminder: Alden is journalism’s Professor Moriarty, Ra’s al Ghul, Blofeld, and Hans Landa, buying up chunks of newspaper... READ MORE
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