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Newsroom unions urge Lee to reject Alden’s offer
$144M purchase would make hedge fund owner of 30+ Va. newspapers
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
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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
Gannett sells business media, marketing subsidiary
McLean-based newspaper publisher sells BridgeTower Media to Transom Capital Group
Published
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, sold its business media and B2B marketing subsidiary, BridgeTower Media, to Los Angeles-based middle-market private equity firm Transom Capital Group, the