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Chatham, New York
Business/Growth | Hard news | Tech
17 February 2021 09:30PM
IMBY NY

www.washingtonpost.com/lifestyle/media/tribune-alden-sale-local-journalism/2021/02/17/04411fc2-712a-11eb-85fa-e0ccb3660358_story.html?utm_campaign=wp_post_most&utm_medium=email&utm_source=newsletter&wpisrc=nl_most&carta-url=https%3A%2F%2Fs2.washingtonpost.com%2Fcar-ln-tr%2F2fdd13e%2F602d457d9d2fda4c88e74ce6%2F5d7507869bbc0f0886696b43%2F28%2F68%2F602d457d9d2fda4c88e74ce

When Alden Global Capital announced Tuesday that it was positioned to buy the Chicago Tribune and several other major newspapers, its statement might have sounded promising.

But only if you knew nothing about how this hedge fund has sucked much of the life out of the newspapers it already owns in places like Denver and San Jose.

“Our commitment to ensuring the sustainability of robust local journalism is well established, and this is part of that effort,” the statement said.

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