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Alden Global Bids for Control of Tribune

Since Alden acquired its 32 percent stake in Tribune, the hard times have continued. The company has offered buyouts and closed several newsrooms while trying to endure the effects of the coronavirus pandemic on an already distressed industry.In August, after most newspaper employees had worked remotely for months, Tribune announced that it was permanently closing the newsroom of The Daily News. That announcement was quickly followed by the company’s shuttering of the physical newsrooms of The Morning Call in Allentown, Pa.; The Orlando Sentinel; The Carroll County Times in Westminster, Md.; and The Capital Gazette in Annapolis, Md. In …

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