Alden Global Capital Archives

Hedge fund seeks takeover of Atlantic City newspaper

November 30, 2021 9:13 am

The newspaper chain that owns The Press of Atlantic City and more than 70 daily newspapers across the U.S. is fighting back a hostile takeover by a hedge fund with a history of making draconian costs cuts and layoffs. Alden...

Bill Pascrell opposes Gannett sale

February 14, 2019 12:42 pmFebruary 14, 2019 12:51 pm

Rep. Bill Pascrell (D-Paterson) says he opposes the sale of the Gannett newspaper chain to a Wall Street hedge fund. “The last thing we need is the decimation of more quality media outlets. Across America, newspapers have been shuttered or...

Gannett triggered hostile takeover by refusing to extend filing deadline

February 11, 2019 8:28 pm

Gannett refused to extend the filing deadline for their 2019 Board of Directors elections, forcing the company seeking to purchase the newspaper giant to file their own slate of candidates, according to a filing by the proposed buyer with the...

Hostile takeover of Gannett launched

February 7, 2019 5:19 pmFebruary 11, 2019 9:28 am

The company that launched a $1.4 billion takeover bid of Gannett is taking their offer directly to the shareholders, nominating six Board of Directors candidates at their annual corporate meeting, according to a press release issued by Gannett. All six...

Gannett still silent on takeover bid

January 21, 2019 3:17 pm

One week has passed since Gannett acknowledged that they are the target of a $1.4 billion takeover bid by a hedge fund-backed newspaper chain with a history of slashing editorial staffs, but none of the eight New Jersey dailies owned...