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Alden Capital, Known for Gutting Newspapers, Eyes Post-Dispatch

2 years 9 months ago

On Monday, New York City-based hedge fund Alden Global Capital declared its intentions to buy Lee Enterprises, the parent company of the St. Louis Post-Dispatch, sparking concerns among the paper's staff for their own jobs as well as for the future of ethical and transparent governance in the region.

"It's obviously very concerning, but that's an understatement," said one Post-Dispatch reporter.…
Ryan Krull