Posted on Dec 4, 2021
St. Louis Post-Dispatch owner blocks play by hedge fund Alden for more control of board
413
10
3
3
3
0
Lee executives said the hedge fund, known for gutting the newspapers it acquires, did not follow the rules in trying to nominate three people to the the publisher's board.
St. Louis Post-Dispatch owner blocks play by hedge fund Alden for more control of board
Posted from kcur.org
Media
Newspapers
St. Louis
Investing
Stock Trading
Posted >1 y ago
Responses: 3
3
3
0
GOOD STORY CHIP!!!!!!!!!!!! Alden Global is TOTALLY RIGHT WING!! They destroy every newspaper they get their trump kissing vampire fangs into. And you trumptards holler about your free speech while you try to kill the right of free speech for everyone else and especially anyone who prints real truth for the news instead of the hogwash you lap up from fox entertainment. !!
(3)
(0)
2
2
0
2
2
0
PO1 William "Chip" Nagel You gotta look out for those named Lee...
..."A fight for control of 77 newspapers, 24 of which are located in the Midwest, continued as a hedge fund known for slashing newspapers hit a speed bump in its plans to acquire Lee Enterprises Inc.
On Friday, Lee rejected a trio of nominees Alden Global Capital nominated to its board of directors, claiming the nominations are invalid due to an error Alden made in the filing process that violated the board’s by-laws.
Lee, which owns the St. Louis Post Dispatch, the Omaha World-Herald and many other daily newspapers throughout the region, is staving off a takeover attempt by Alden Global Capital, a New-York based hedge fund.
Alden is infamous for slashing jobs at the newspapers it purchases, among other cost-saving measures."...
..."A fight for control of 77 newspapers, 24 of which are located in the Midwest, continued as a hedge fund known for slashing newspapers hit a speed bump in its plans to acquire Lee Enterprises Inc.
On Friday, Lee rejected a trio of nominees Alden Global Capital nominated to its board of directors, claiming the nominations are invalid due to an error Alden made in the filing process that violated the board’s by-laws.
Lee, which owns the St. Louis Post Dispatch, the Omaha World-Herald and many other daily newspapers throughout the region, is staving off a takeover attempt by Alden Global Capital, a New-York based hedge fund.
Alden is infamous for slashing jobs at the newspapers it purchases, among other cost-saving measures."...
(2)
(0)
Read This Next
Continue with Facebook 
Continue with Google