Alden Global Seeks to Buy Tribune Publishing

A hedge fund that owns a big stake in Tribune Publishing Co. TPCO 0.31% is seeking to buy the newspaper chain behind titles including the Chicago Tribune and New York Daily News.

Alden Global Capital LLC, which is already Tribune’s largest shareholder with a 32% stake, has expressed interest in acquiring the shares of the publishing company it doesn’t own already for $14.25 a share, according to a filing with the Securities and Exchange Commission. The shares closed Wednesday at $12.79. The offer was made Dec. 14.

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