A hedge fund is taking over the Tribune papers
Clip: 5/22/2021 | 4m 56sVideo has Closed Captions
Hedge fund known for slashing newsrooms is taking over the Tribune papers
Shareholders for Tribune Publishing approved a $630 million takeover bid by NYC-based hedge fund, Alden Global Capital, known for expanding profits by slashing newsrooms. The unions representing several Tribune newspapers including the Baltimore Sun, Chicago Tribune and Hartford Courant, opposed the deal sparking concerns over the future of local papers. NPR’s David Folkenflik joins.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
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A hedge fund is taking over the Tribune papers
Clip: 5/22/2021 | 4m 56sVideo has Closed Captions
Shareholders for Tribune Publishing approved a $630 million takeover bid by NYC-based hedge fund, Alden Global Capital, known for expanding profits by slashing newsrooms. The unions representing several Tribune newspapers including the Baltimore Sun, Chicago Tribune and Hartford Courant, opposed the deal sparking concerns over the future of local papers. NPR’s David Folkenflik joins.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...