Lee Newspapers

Nov 22, 2021

Alden Global Capital seeks to buy Lee Enterprises for $144M

Alden Global Capital, the hedge fund that owns The Virginian-Pilot and Daily Press in Virginia, has proposed purchasing Lee Enterprises, the Iowa-based owner of the Richmond Times-Dispatch and most other major Virginia newspapers, for approximately $144 million, Alden announced Monday. If accepted, the $24 per share purchase price would consolidate 12 of Virginia’s daily legacy […]

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Lee Newspapers

Alden Global Capital seeks to buy Lee Enterprises for $144M

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