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2021-11-23
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Alden Global Looks to Buy Newspaper Publisher Lee Enterprises<blockquote>奥尔登全球寻求收购报纸出版商Lee Enterprises</blockquote>
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Thank you.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/875647763","repostId":1118695727,"repostType":4,"repost":{"id":"1118695727","kind":"news","pubTimestamp":1637649901,"share":"https://www.laohu8.com/m/news/1118695727?lang=zh_CN&edition=full","pubTime":"2021-11-23 14:45","market":"us","language":"en","title":"Alden Global Looks to Buy Newspaper Publisher Lee Enterprises<blockquote>奥尔登全球寻求收购报纸出版商Lee Enterprises</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118695727","media":"The Wall Street Journal","summary":"Hedge fund, which recently acquired Tribune Publishing, offers Lee $24 a share\nAlden Global Capital’","content":"<p>Hedge fund, which recently acquired Tribune Publishing, offers Lee $24 a share</p><p><blockquote>最近收购Tribune Publishing的对冲基金向Lee提供每股24美元的报价</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29015afc6f19290aab86e022f248022f\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>Alden Global Capital’s deal earlier this year for Tribune Publishing brought newspapers including the Chicago Tribune under the hedge fund’s umbrella.</span></p><p><blockquote><p class=\"t-img-caption\"><span>奥尔登全球资本(Alden Global Capital)今年早些时候收购了论坛报出版公司(Tribune Publishing)，将包括《芝加哥论坛报》(Chicago Tribune)在内的报纸纳入了该对冲基金的旗下。</span></p></blockquote></p><p> New York hedge fund and U.S. newspaper consolidator Alden Global Capital LLC has made a proposal to take Lee Enterprises Inc. private in a deal that values the company at around $141 million.</p><p><blockquote>纽约对冲基金和美国报纸整合商Alden Global Capital LLC已提议将Lee Enterprises Inc.私有化，该交易对该公司的估值约为1.41亿美元。</blockquote></p><p> On Monday, Alden Global offered to purchase the Davenport, Iowa-based media company, which has news operations in 77 U.S. markets, for $24 a share in cash. Lee’s shares closed Friday at $18.49 and were up 46% so far for the year. On Monday, shares in Lee jumped 27% to $23.40.</p><p><blockquote>周一，Alden Global提出以每股24美元现金收购这家总部位于爱荷华州达文波特的媒体公司，该公司在美国77个市场拥有新闻业务。Lee's股价周五收于18.49美元，今年迄今已上涨46%。周一，Lee股价上涨27%，至23.40美元。</blockquote></p><p> In a statement later Monday, Lee Enterprises said it had received Alden’s bid and would review it.</p><p><blockquote>在周一晚些时候的一份声明中，Lee Enterprises表示已收到奥尔登的出价，并将对其进行审查。</blockquote></p><p> The bid to buy Lee Enterprises marks the third major acquisition effort by Alden in the past two years, following a failed bid to acquire USA Today owner Gannett Inc. in 2019 and a successful move to purchase Baltimore Sun owner Tribune Publishing this year. Alden Global has been criticized by its employees and industry experts for aggressive cost-cutting, but its executives say the reductions help preserve newspapers.</p><p><blockquote>收购Lee Enterprises标志着奥尔登在过去两年中的第三次重大收购努力，此前他在2019年收购了《今日美国》所有者Gannett Inc.失败，并在今年成功收购了巴尔的摩太阳报所有者论坛出版社。奥尔登环球因大幅削减成本而受到员工和行业专家的批评，但其高管表示，削减成本有助于保护报纸。</blockquote></p><p> Lee, whose publications include the St. Louis Post-Dispatch and Arizona Daily Star in Tucson,expanded last yearwhen it bought Berkshire Hathaway Inc.’s media-group newspaper business for $140 million. At the time, Lee was already managing dozens of newspapers for the company.</p><p><blockquote>Lee的出版物包括《圣路易斯邮报》和图森的《亚利桑那每日星报》，该公司去年以1.4亿美元收购了伯克希尔哈撒韦公司的媒体集团报纸业务，实现了扩张。当时，李已经为该公司管理了数十家报纸。</blockquote></p><p> Around the same time, MNG Enterprises Inc., a company backed by Alden, said it bought a 5.9% stake in Lee and planned to discuss the company’s strategy with its management.</p><p><blockquote>大约在同一时间，奥尔登支持的MNG Enterprises Inc.表示，它购买了Lee 5.9%的股份，并计划与其管理层讨论公司的战略。</blockquote></p><p> “We believe that as a private company and part of our successful nationwide platforms, Lee would be in a stronger position to maximize its resources and realize strategic value that enhances its operations and supports its employees in their important work serving local communities,” Alden Global said in a letter to Lee’s board of directors.</p><p><blockquote>奥尔登表示：“我们相信，作为一家私营公司和我们成功的全国平台的一部分，Lee将处于更有利的地位，可以最大限度地利用其资源并实现战略价值，从而增强其运营并支持其员工为当地社区服务的重要工作。”Global在给Lee董事会的一封信中表示。</blockquote></p><p> Lee Enterprises is one of a few American newspaper chains of considerable size not owned by Alden Global, whose MediaNews Group unit is the publisher of roughly 70 daily newspapers, including the Denver Post and San Jose Mercury News.</p><p><blockquote>Lee Enterprises是少数几家不属于Alden Global的大型美国报业连锁店之一，Alden Global旗下的MediaNews Group部门出版了大约70份日报，包括《丹佛邮报》和《圣何塞水星报》。</blockquote></p><p> The hedge fund has forged an American media empire over the past decade by acquiring newspapers and imposing aggressive cost reductions that critics say amount to gutting local journalism.In an interview with The Wall Street Journal in 2020, Mr. Freeman said he never closed a paper, though he has merged titles to cut costs.</p><p><blockquote>过去十年，这家对冲基金通过收购报纸和大幅削减成本，打造了一个美国媒体帝国，批评人士称，这相当于摧毁了当地新闻业。弗里曼在2020年接受《华尔街日报》采访时表示，他从未关闭过一家报纸，尽管他合并了报纸以削减成本。</blockquote></p><p> Alden Global in 2019 clashed with USA Today publisher Gannett Co. when it made a bid to acquire the publisher and said that its management team hadn’t demonstrated it was capable of running the company effectively. Gannett rejected the bid and prevailed in a resulting proxy fight, retaining control of its entire board.</p><p><blockquote>Alden Global在2019年与《今日美国》出版商Gannett Co.发生冲突，当时该公司试图收购该出版商，并表示其管理团队尚未证明其有能力有效运营该公司。甘尼特拒绝了这一收购，并在随后的代理权争夺战中获胜，保留了对整个董事会的控制权。</blockquote></p><p> Meanwhile, Alden Global was building up its position in another eventual target: Tribune Publishing Co., which it eventually acquired earlier this year despite a rival effort led by hotel executive Stewart Bainum. The deal,which valued the company at $635 million, brought publications such as the Chicago Tribune and New York Daily News under Alden’s umbrella.</p><p><blockquote>与此同时，奥尔登环球公司正在另一个最终目标中巩固自己的地位：论坛出版公司，尽管酒店高管斯图尔特·拜纳姆(Stewart Bainum)领导的竞争对手做出了努力，但该公司最终还是在今年早些时候收购了该公司。这笔交易对该公司的估值为6.35亿美元，将《芝加哥论坛报》和《纽约每日新闻》等出版物纳入奥尔登的麾下。</blockquote></p><p> Jim Friedlich, chief executive of the Lenfest Institute for Journalism, the nonprofit owner of the Philadelphia Inquirer, said he expects Alden’s bid for Lee Enterprises to be successful in part because of the offer’s substantial premium.</p><p><blockquote>《费城问询报》的非营利性所有者、伦菲斯特新闻研究所首席执行官吉姆·弗里德利希(Jim Friedlich)表示，他预计奥尔登对李氏企业的收购将会成功，部分原因是该收购要约的溢价很高。</blockquote></p><p> “While Alden’s cost-reduction practices have been widely criticized in the news business, no one can doubt their resolve and perseverance in completing deals once they show up at the table,” Mr. Friedlich said.</p><p><blockquote>“虽然奥尔登的成本削减做法在新闻行业受到了广泛批评，但一旦他们出现在谈判桌上，没有人会怀疑他们完成交易的决心和毅力，”弗里德利希先生说。</blockquote></p><p> Brent Baird, an investor who said he owns roughly 2% of Lee Enterprises, said that he hasn’t decided yet whether he supports Alden Global’s bid for the newspaper group. He said he bought the stock after Lee Enterprises purchased the Buffalo News from Berkshire Hathaway.</p><p><blockquote>投资者布伦特·贝尔德(Brent Baird)表示，他拥有Lee Enterprises约2%的股份，他表示，他尚未决定是否支持Alden Global收购该报业集团。他说，他是在李企业从伯克希尔哈撒韦公司购买《布法罗新闻报》后购买该股票的。</blockquote></p><p> “I didn’t buy my stock thinking that this was going to happen,” Mr. Baird said of Alden’s bid for Lee. “I bought the stock because it seemed reasonably priced.”</p><p><blockquote>“我购买股票时并没有想到会发生这种情况，”贝尔德先生在谈到奥尔登对李的收购时说道。“我买这只股票是因为它的价格似乎合理。”</blockquote></p><p> On Friday, The Wall Street Journal reported that Iranian hackers infiltrated Lee’s computer systems as part of a broader effort to spread disinformation about the 2020 presidential election.</p><p><blockquote>周五，《华尔街日报》报道称，伊朗黑客渗透了李明博的计算机系统，这是传播有关2020年总统选举虚假信息的更广泛努力的一部分。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alden Global Looks to Buy Newspaper Publisher Lee Enterprises<blockquote>奥尔登全球寻求收购报纸出版商Lee Enterprises</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlden Global Looks to Buy Newspaper Publisher Lee Enterprises<blockquote>奥尔登全球寻求收购报纸出版商Lee Enterprises</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-11-23 14:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Hedge fund, which recently acquired Tribune Publishing, offers Lee $24 a share</p><p><blockquote>最近收购Tribune Publishing的对冲基金向Lee提供每股24美元的报价</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29015afc6f19290aab86e022f248022f\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>Alden Global Capital’s deal earlier this year for Tribune Publishing brought newspapers including the Chicago Tribune under the hedge fund’s umbrella.</span></p><p><blockquote><p class=\"t-img-caption\"><span>奥尔登全球资本(Alden Global Capital)今年早些时候收购了论坛报出版公司(Tribune Publishing)，将包括《芝加哥论坛报》(Chicago Tribune)在内的报纸纳入了该对冲基金的旗下。</span></p></blockquote></p><p> New York hedge fund and U.S. newspaper consolidator Alden Global Capital LLC has made a proposal to take Lee Enterprises Inc. private in a deal that values the company at around $141 million.</p><p><blockquote>纽约对冲基金和美国报纸整合商Alden Global Capital LLC已提议将Lee Enterprises Inc.私有化，该交易对该公司的估值约为1.41亿美元。</blockquote></p><p> On Monday, Alden Global offered to purchase the Davenport, Iowa-based media company, which has news operations in 77 U.S. markets, for $24 a share in cash. Lee’s shares closed Friday at $18.49 and were up 46% so far for the year. On Monday, shares in Lee jumped 27% to $23.40.</p><p><blockquote>周一，Alden Global提出以每股24美元现金收购这家总部位于爱荷华州达文波特的媒体公司，该公司在美国77个市场拥有新闻业务。Lee's股价周五收于18.49美元，今年迄今已上涨46%。周一，Lee股价上涨27%，至23.40美元。</blockquote></p><p> In a statement later Monday, Lee Enterprises said it had received Alden’s bid and would review it.</p><p><blockquote>在周一晚些时候的一份声明中，Lee Enterprises表示已收到奥尔登的出价，并将对其进行审查。</blockquote></p><p> The bid to buy Lee Enterprises marks the third major acquisition effort by Alden in the past two years, following a failed bid to acquire USA Today owner Gannett Inc. in 2019 and a successful move to purchase Baltimore Sun owner Tribune Publishing this year. Alden Global has been criticized by its employees and industry experts for aggressive cost-cutting, but its executives say the reductions help preserve newspapers.</p><p><blockquote>收购Lee Enterprises标志着奥尔登在过去两年中的第三次重大收购努力，此前他在2019年收购了《今日美国》所有者Gannett Inc.失败，并在今年成功收购了巴尔的摩太阳报所有者论坛出版社。奥尔登环球因大幅削减成本而受到员工和行业专家的批评，但其高管表示，削减成本有助于保护报纸。</blockquote></p><p> Lee, whose publications include the St. Louis Post-Dispatch and Arizona Daily Star in Tucson,expanded last yearwhen it bought Berkshire Hathaway Inc.’s media-group newspaper business for $140 million. At the time, Lee was already managing dozens of newspapers for the company.</p><p><blockquote>Lee的出版物包括《圣路易斯邮报》和图森的《亚利桑那每日星报》，该公司去年以1.4亿美元收购了伯克希尔哈撒韦公司的媒体集团报纸业务，实现了扩张。当时，李已经为该公司管理了数十家报纸。</blockquote></p><p> Around the same time, MNG Enterprises Inc., a company backed by Alden, said it bought a 5.9% stake in Lee and planned to discuss the company’s strategy with its management.</p><p><blockquote>大约在同一时间，奥尔登支持的MNG Enterprises Inc.表示，它购买了Lee 5.9%的股份，并计划与其管理层讨论公司的战略。</blockquote></p><p> “We believe that as a private company and part of our successful nationwide platforms, Lee would be in a stronger position to maximize its resources and realize strategic value that enhances its operations and supports its employees in their important work serving local communities,” Alden Global said in a letter to Lee’s board of directors.</p><p><blockquote>奥尔登表示：“我们相信，作为一家私营公司和我们成功的全国平台的一部分，Lee将处于更有利的地位，可以最大限度地利用其资源并实现战略价值，从而增强其运营并支持其员工为当地社区服务的重要工作。”Global在给Lee董事会的一封信中表示。</blockquote></p><p> Lee Enterprises is one of a few American newspaper chains of considerable size not owned by Alden Global, whose MediaNews Group unit is the publisher of roughly 70 daily newspapers, including the Denver Post and San Jose Mercury News.</p><p><blockquote>Lee Enterprises是少数几家不属于Alden Global的大型美国报业连锁店之一，Alden Global旗下的MediaNews Group部门出版了大约70份日报，包括《丹佛邮报》和《圣何塞水星报》。</blockquote></p><p> The hedge fund has forged an American media empire over the past decade by acquiring newspapers and imposing aggressive cost reductions that critics say amount to gutting local journalism.In an interview with The Wall Street Journal in 2020, Mr. Freeman said he never closed a paper, though he has merged titles to cut costs.</p><p><blockquote>过去十年，这家对冲基金通过收购报纸和大幅削减成本，打造了一个美国媒体帝国，批评人士称，这相当于摧毁了当地新闻业。弗里曼在2020年接受《华尔街日报》采访时表示，他从未关闭过一家报纸，尽管他合并了报纸以削减成本。</blockquote></p><p> Alden Global in 2019 clashed with USA Today publisher Gannett Co. when it made a bid to acquire the publisher and said that its management team hadn’t demonstrated it was capable of running the company effectively. Gannett rejected the bid and prevailed in a resulting proxy fight, retaining control of its entire board.</p><p><blockquote>Alden Global在2019年与《今日美国》出版商Gannett Co.发生冲突，当时该公司试图收购该出版商，并表示其管理团队尚未证明其有能力有效运营该公司。甘尼特拒绝了这一收购，并在随后的代理权争夺战中获胜，保留了对整个董事会的控制权。</blockquote></p><p> Meanwhile, Alden Global was building up its position in another eventual target: Tribune Publishing Co., which it eventually acquired earlier this year despite a rival effort led by hotel executive Stewart Bainum. The deal,which valued the company at $635 million, brought publications such as the Chicago Tribune and New York Daily News under Alden’s umbrella.</p><p><blockquote>与此同时，奥尔登环球公司正在另一个最终目标中巩固自己的地位：论坛出版公司，尽管酒店高管斯图尔特·拜纳姆(Stewart Bainum)领导的竞争对手做出了努力，但该公司最终还是在今年早些时候收购了该公司。这笔交易对该公司的估值为6.35亿美元，将《芝加哥论坛报》和《纽约每日新闻》等出版物纳入奥尔登的麾下。</blockquote></p><p> Jim Friedlich, chief executive of the Lenfest Institute for Journalism, the nonprofit owner of the Philadelphia Inquirer, said he expects Alden’s bid for Lee Enterprises to be successful in part because of the offer’s substantial premium.</p><p><blockquote>《费城问询报》的非营利性所有者、伦菲斯特新闻研究所首席执行官吉姆·弗里德利希(Jim Friedlich)表示，他预计奥尔登对李氏企业的收购将会成功，部分原因是该收购要约的溢价很高。</blockquote></p><p> “While Alden’s cost-reduction practices have been widely criticized in the news business, no one can doubt their resolve and perseverance in completing deals once they show up at the table,” Mr. Friedlich said.</p><p><blockquote>“虽然奥尔登的成本削减做法在新闻行业受到了广泛批评，但一旦他们出现在谈判桌上，没有人会怀疑他们完成交易的决心和毅力，”弗里德利希先生说。</blockquote></p><p> Brent Baird, an investor who said he owns roughly 2% of Lee Enterprises, said that he hasn’t decided yet whether he supports Alden Global’s bid for the newspaper group. He said he bought the stock after Lee Enterprises purchased the Buffalo News from Berkshire Hathaway.</p><p><blockquote>投资者布伦特·贝尔德(Brent Baird)表示，他拥有Lee Enterprises约2%的股份，他表示，他尚未决定是否支持Alden Global收购该报业集团。他说，他是在李企业从伯克希尔哈撒韦公司购买《布法罗新闻报》后购买该股票的。</blockquote></p><p> “I didn’t buy my stock thinking that this was going to happen,” Mr. Baird said of Alden’s bid for Lee. “I bought the stock because it seemed reasonably priced.”</p><p><blockquote>“我购买股票时并没有想到会发生这种情况，”贝尔德先生在谈到奥尔登对李的收购时说道。“我买这只股票是因为它的价格似乎合理。”</blockquote></p><p> On Friday, The Wall Street Journal reported that Iranian hackers infiltrated Lee’s computer systems as part of a broader effort to spread disinformation about the 2020 presidential election.</p><p><blockquote>周五，《华尔街日报》报道称，伊朗黑客渗透了李明博的计算机系统，这是传播有关2020年总统选举虚假信息的更广泛努力的一部分。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/alden-global-looks-to-buy-newspaper-publisher-lee-enterprises-11637603842?mod=hp_lista_pos4\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LEE":"李氏企业"},"source_url":"https://www.wsj.com/articles/alden-global-looks-to-buy-newspaper-publisher-lee-enterprises-11637603842?mod=hp_lista_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118695727","content_text":"Hedge fund, which recently acquired Tribune Publishing, offers Lee $24 a share\nAlden Global Capital’s deal earlier this year for Tribune Publishing brought newspapers including the Chicago Tribune under the hedge fund’s umbrella.\nNew York hedge fund and U.S. newspaper consolidator Alden Global Capital LLC has made a proposal to take Lee Enterprises Inc. private in a deal that values the company at around $141 million.\nOn Monday, Alden Global offered to purchase the Davenport, Iowa-based media company, which has news operations in 77 U.S. markets, for $24 a share in cash. Lee’s shares closed Friday at $18.49 and were up 46% so far for the year. On Monday, shares in Lee jumped 27% to $23.40.\nIn a statement later Monday, Lee Enterprises said it had received Alden’s bid and would review it.\nThe bid to buy Lee Enterprises marks the third major acquisition effort by Alden in the past two years, following a failed bid to acquire USA Today owner Gannett Inc. in 2019 and a successful move to purchase Baltimore Sun owner Tribune Publishing this year. Alden Global has been criticized by its employees and industry experts for aggressive cost-cutting, but its executives say the reductions help preserve newspapers.\nLee, whose publications include the St. Louis Post-Dispatch and Arizona Daily Star in Tucson,expanded last yearwhen it bought Berkshire Hathaway Inc.’s media-group newspaper business for $140 million. At the time, Lee was already managing dozens of newspapers for the company.\nAround the same time, MNG Enterprises Inc., a company backed by Alden, said it bought a 5.9% stake in Lee and planned to discuss the company’s strategy with its management.\n“We believe that as a private company and part of our successful nationwide platforms, Lee would be in a stronger position to maximize its resources and realize strategic value that enhances its operations and supports its employees in their important work serving local communities,” Alden Global said in a letter to Lee’s board of directors.\nLee Enterprises is one of a few American newspaper chains of considerable size not owned by Alden Global, whose MediaNews Group unit is the publisher of roughly 70 daily newspapers, including the Denver Post and San Jose Mercury News.\nThe hedge fund has forged an American media empire over the past decade by acquiring newspapers and imposing aggressive cost reductions that critics say amount to gutting local journalism.In an interview with The Wall Street Journal in 2020, Mr. Freeman said he never closed a paper, though he has merged titles to cut costs.\nAlden Global in 2019 clashed with USA Today publisher Gannett Co. when it made a bid to acquire the publisher and said that its management team hadn’t demonstrated it was capable of running the company effectively. Gannett rejected the bid and prevailed in a resulting proxy fight, retaining control of its entire board.\nMeanwhile, Alden Global was building up its position in another eventual target: Tribune Publishing Co., which it eventually acquired earlier this year despite a rival effort led by hotel executive Stewart Bainum. The deal,which valued the company at $635 million, brought publications such as the Chicago Tribune and New York Daily News under Alden’s umbrella.\nJim Friedlich, chief executive of the Lenfest Institute for Journalism, the nonprofit owner of the Philadelphia Inquirer, said he expects Alden’s bid for Lee Enterprises to be successful in part because of the offer’s substantial premium.\n“While Alden’s cost-reduction practices have been widely criticized in the news business, no one can doubt their resolve and perseverance in completing deals once they show up at the table,” Mr. Friedlich said.\nBrent Baird, an investor who said he owns roughly 2% of Lee Enterprises, said that he hasn’t decided yet whether he supports Alden Global’s bid for the newspaper group. He said he bought the stock after Lee Enterprises purchased the Buffalo News from Berkshire Hathaway.\n“I didn’t buy my stock thinking that this was going to happen,” Mr. Baird said of Alden’s bid for Lee. “I bought the stock because it seemed reasonably priced.”\nOn Friday, The Wall Street Journal reported that Iranian hackers infiltrated Lee’s computer systems as part of a broader effort to spread disinformation about the 2020 presidential election.","news_type":1,"symbols_score_info":{"LEE":0.9}},"isVote":1,"tweetType":1,"viewCount":2845,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":30,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/875647763"}
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