Hedge fund Alden Global Capital’s MNG Enterprises
has taken a 5.9% stake in Lee Enterprises. The move came on the heels
of the Jan. 29 announcement that Lee is buying Warren Buffett’s BH Media Group
publications and The Buffalo News for $140 million in cash.
Various
media watchers reacted to the news.
Nieman Lab
Director Joshua Benton took a dim view of the news, while the NewsGuild’s
Julia Reynolds provided info on MNG’s background, parts of which are “shrouded
in secrecy,” claims Reynolds.
News and Tech
No comments:
Post a Comment
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.