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Hedge fund Alden in hunt for another big newspaper chain

Hedge fund Alden Global Capital, one of the country's largest newspaper owners with a reputation for intense cost cuts and layoffs, has offered to buy the local newspaper chain Lee Enterprises for about $141 million.

In a news release Monday, Alden said it sent Lee's board a letter with the ...

from The Washington Times stories: Entertainment https://ift.tt/32oXNbn

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