NJ Spotlight News

Alden Global Capital looks to buy the Press of Atlantic City

Clip: 11/29/2021 | 4m 16s | Video has closed captioning.

Alden Global Capital, which has become the second-largest owner of newspapers in the nation has been called a “vulture capitalist” for its pattern of buying newspapers, then gutting newsrooms and selling off assets while chasing profits. Now Alden is attempting a takeover of Lee Enterprises, the nation’s third-largest newspaper chain and the owner of the Press of Atlantic City.

Aired: 11/29/21

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.