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Posted on: May 23, 2021, 10:21 a.m.
Tribune TPCO Publishing shareholders today approved its $630 million sale to Alden Global Capital, a New York-based hedge fund with a controversial track record for slashing newsroom budgets that worries journalists. According to Tribune, holders of approximately 81.28% of the shares held by non-Alden stockholders approved the merger agreement, over the two-thirds minimum required. "Today's results represent an important milestone in completing the transaction, and we appreciate the strong support we received from Tribune stockholders," said Philip G. Franklin, Chairman … Full investment news article