A hedge fund’s ‘mercenary’ strategy: Buy newspapers, slash jobs, sell the buildings

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A hedge fund’s ‘mercenary’ strategy: Buy newspapers, slash jobs, sell the buildings
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  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Alden Global Capital says it is saving newspapers. Records show its subsidiaries are profiting from the remnants of their demise.

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