Chicago Tribune: U.S. Senators Durbin and Duckworth want answers from Alden over plans for Tribune Publishing
March 20, 2020
Category:
Save Our Sun

U.S. Sens. Dick Durbin and Tammy Duckworth sent a letter Thursday to Alden Global Capital requesting the New York-based hedge fund disclose its plans for Tribune Publishing after an ownership standstill agreement expires in June.

The letter, addressed to Alden President Heath Freeman, expressed concerns over the hedge fund’s “practices of mass layoffs” at other newspaper properties and a “lack of transparency” surrounding its investors, among other issues.

Read whole story here: https://www.chicagotribune.com/business/ct-biz-durbin-duckworth-alden-tribune-plans-20200313-l56wopwkbnfxjelf2nhtvwms7y-story.html