Alden Global Capital has established a pattern of targeting newspaper acquisitions just before final deals are signed, presenting a late bid that often exceeds previous offers. This tactic exploits the urgency of the seller, who may struggle to justify declining additional funds. While Alden has successfully acquired papers like the Boston Herald, its attempts have not always succeeded, as seen in its failure with McClatchy. Recently, Alden has renewed its aggressive approach, exemplified by a $88 million bid for The Dallas Morning News, highlighting its strategy to capitalize on struggling newspapers.
Alden Global Capital is known for swooping in with late bids during newspaper mergers, often offering more for the paper by proposing deeper cuts to operations.
Respected newspaper owners prefer to avoid Alden due to its history of layoffs and its reputation for damaging the journalism landscape.
Alden's strategy involves waiting for other buyers to submit valuations and then offering more, banking on significant cuts to generate profit.
After some quiet years, Alden made headlines again by placing a bid for The Dallas Morning News, signaling a return to aggressive acquisition tactics.
Collection
[
|
...
]