Nieman Foundation at Harvard
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What We’re Reading
We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
Chicago Tribune / Robert Channick / May 22
“Alden, which has a track record of sweeping layoffs at its newspaper properties, took a 32% stake in Tribune Publishing in November, mostly through buying former nonexecutive chairman Michael Ferro’s holdings. In total, Alden purchased 11.5 million shares of Tribune Publishing for $145.4 million. The two Alden representatives, Dana Goldsmith Needleman and Christopher Minnetian, were added to the newspaper company’s board in December, expanding it to eight members, but Alden was restricted from increasing its stake in the company to more than 33% until June 30.”
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