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Hedge Fund Could Bid For Hudson News Wholesale Operation

by nypost.com posted 6days ago 17 views
Could Anthony Melchiorre’s Chatham Asset Management be readying a bid to buy out Jimmy Cohen’s Hudson News magazine wholesale distribution business? “I wouldn’t be surprised if it happens in the third or fourth quarter,” said one veteran of the magazine circulation wars. Indeed, two industry execs believe the deal will get done. This week, Chatham-backed American News Co. bought out struggling national wholesaler Curtis Circulation. But sources think the dealmaking and consolidation by the secretive hedge fund boss is far from over.

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