Huber Research Group: ‘The reputation of Alden [Global Capital] is that they are vicious cost-cutters’

John Williams

FILE – In this Monday, April 25, 2016, file photo, Chicago Tribune and other newspapers are displayed at Chicago’s O’Hare International Airport, in Chicago. A group of alternative bidders is emerging, in late March 2021, for newspaper chain Tribune Publishing, which had agreed to a $630 million deal with hedge fund Alden Global Capital. (AP Photo/Kiichiro Sato, File)

Chicago Tribune’s acquisition by hedge fund Alden Global Capital was finalized on Friday, to the dismay of journalists and readers alike. Huber Research Group Managing Director of Equity Research Doug Arthur joins John Williams to explain why a hedge fund like Alden would want anything to do with the beloved newspaper.

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