Hedge fund with a reputation for ‘gutting newsrooms’ takes aim at owning Pantagraph newspaper publisher Lee Enterprises

BLOOMINGTON – A New York hedge fund with a reputation for shrinking newsrooms not long after buying them out is taking aim at the media company that owns the Bloomington-based Pantagraph. Alden Global Capital made an offer to Lee Enterprises on Monday morning. Lee Enterprises is the owner of three newspapers in Central Illinois, including the Herald-Review in Decatur; […]

When this hedge fund buys local newspapers, democracy suffers

WASHINGTON — Have you heard of the hedge fund Alden Global Capital? If you’re a reader of local newspapers — particularly the Chicago Tribune, The Baltimore Sun or New York Daily News — you’re going to want to make sure the answer is yes. That’s because the fund is stepping in to buy — and […]

News Around Illinois – February 28, 2020

News Around Illinois Cover

Fees, Not Tuition Rising At Danville Area Community College DANVILLE – Student fees will be going up at Danville Area Community College, but tuition will remain the same. Trustees for the community college voted unanimously Thursday to increase the technology-and-activity fee for students from $20 per credit hour to $25. The college’s basic tuition rate […]