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Articles tagged Craig Forman (5)

The hedge fund Chatham Asset Management reeled in its prize, as expected. But now what does it want to do with it?
Will Chatham Asset Management, the hedge fund set to gain control of the company, want to operate it after bankruptcy? Or will it look to cash out via merger as quickly as possible?
Worse, the two left standing could be run by hedge fund guys with little interest in more than the bottom line.
The nation’s second-largest newspaper company had paid off most of its old debt and still generates positive cashflow. But it might head to bankruptcy anyway so investors can get paid.
One’s a family-controlled, century-plus-old newspaper chain, known for believing in its civic mission but not for its digital strategy. The other is, well, Tronc. With an assist from L.A.’s richest man, could this be a path forward?