Chicago Trib Reporters Desperately Seek Solution to Alden Acquisition
Fearing their organization – and quality, local journalism – will be gutted if Alden takes over
David Jackson and Gary Marx, investigative reporters for the Chicago Tribune, are desperately seeking a solution to a possible acquisition by Alden Global Capital, a hedge fund that currently owns 32% of Tribune Publishing. In addition to the Chicago Tribune, the publisher owns The (New York) Daily News, The Baltimore (Maryland) Sun, The Hartford (Connecticut) Courant, The Orlando (Florida) Sentinel, The (South Florida) Sun-Sentinel, the Daily Press (Virginia), The Virginian-Pilot (Virginia) and The Morning Call (Lehigh Valley, Pennsylvania). The New York Times published an op-ed piece by Jackson and Marx on January 19.
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