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Lee Enterprises rejects Alden’s $144M purchase offer
Buy would have consolidated 33 Va. newspapers under hedge fund
Lee Enterprises Inc.’s board unanimously rejected Alden Global Capital’s $144 million buyout offer made last month, saying it “grossly undervalues” the company and its newspapers, which include 31 publications in
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Newsroom unions urge Lee to reject Alden’s offer
$144M purchase would make hedge fund owner of 30+ Va. newspapers
Published
A dozen Lee Enterprises newsroom unions, including three in Virginia, wrote an open letter to company management Monday, urging Lee to reject Alden Global Capital’s purchase offer of approximately $144
Alden Global Capital seeks to buy Lee Enterprises for $144M
Deal would see most Virginia newspapers owned by one company
Published
Alden Global Capital, the hedge fund that owns The Virginian-Pilot and Daily Press in Virginia, has proposed purchasing Lee Enterprises, the Iowa-based owner of the Richmond Times-Dispatch and most other
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Richmond’s Style Weekly shuts down after nearly 39 years
Owned by Alden Global Capital, alt weekly newspaper will end with Sept. 8 issue
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After close to 39 years, the Richmond-based alternative weekly newspaper Style Weekly will shut down this week, Editor-in-Chief Brent Baldwin posted on Style’s Facebook page Tuesday. The publication’s closing came