https://www.siliconvalley.com/2021/02/16/tribune-publishing-agrees-to-430-million-takeover-by-hedge-fund/

Tribune Publishing Co., the owner of the Chicago Tribune and New York Daily News, agreed to be acquired by Alden Global Capital for about $430 million, putting the hedge fund atop one of the nation’s largest newspaper companies.

Alden, which already holds a 32% stake in Tribune, agreed to pay $17.25 a share for the stock it doesn’t already own, according to a statement Tuesday. The investment group inquired about an acquisition at $14.25 a share in a letter sent to Tribune’s board in December.