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'Vulture' Fund Alden Global, Known For Slashing Newsrooms, Buys Tribune Papers

Baltimore Sun reporter Jean Marbella participates in a Save Our Sun rally in March, part of an effort to secure an alternative buyer to Alden Global Capital. Jim Watson/AFP via Getty Images hide caption

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Jim Watson/AFP via Getty Images

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'Vulture' Fund Alden Global, Known For Slashing Newsrooms, Buys Tribune Papers

Hedge fund Alden Global Capital, known for making deep newsroom cuts, won approval to acquire Tribune Publishing, which includes the Chicago Tribune, The Baltimore Sun and New York Daily News.

'Vulture' Fund Alden Global, Known For Slashing Newsrooms, Buys Tribune Papers

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'Project Mayhem': Reporters Race To Save Tribune Papers From 'Vulture' Fund

Baltimore Sun reporter Liz Bowie, center, has helped to lead an effort by Tribune Publishing's journalists to seek new owners for its papers and hold a hedge fund at bay. Jim Watson/AFP via Getty Images hide caption

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Jim Watson/AFP via Getty Images

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'Project Mayhem': Reporters Race To Save Tribune Papers From 'Vulture' Fund

The Baltimore Sun's Liz Bowie is leading reporters across Tribune properties to find civic-minded owners for the chain's newspapers before a hedge fund with a record of slashing cuts buys the company.

'Project Mayhem': Reporters Race To Save Tribune Papers From 'Vulture' Fund

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Fresh Newsroom Cuts At Tribune Stir Mistrust As 'Vulture' Investor Looms

Tribune Publishing, the owner of the Chicago Tribune as well as the New York Daily News, The Baltimore Sun and other newspapers, is cutting pay and asking journalists to take furloughs at many of these newsrooms. Kiichiro Sato/AP hide caption

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Kiichiro Sato/AP

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Fresh Newsroom Cuts At Tribune Stir Mistrust As 'Vulture' Investor Looms

In recent years, Tribune Publishing executives have prospered while newsrooms endured cuts and layoffs. Many journalists say they resent new cutbacks and fear Alden Global Capital's growing influence.

Fresh Newsroom Cuts At Tribune Stir Mistrust As 'Vulture' Investor Looms

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