Hedge fund Alden Global is buying newspaper chain Tribune Publishing (CNN) – Where newspapers go to die. The acquisition has long been expected and feared internally after the hedge fund became the company’s largest shareholder in 2019 with about 32% ownership. Hundreds of Tribune employees signed a letter to protest the ownership, citing the hedge fund’s “well-documented history of extracting short-term profits from already-lean operations by cutting newsroom jobs and denying fair wages and benefits.”