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; […]