Since November, hedge fund Alden Global Capital has been attempting to buy out Lee Enterprises, one of the nation’s largest newspaper chains. Lee’s properties include The Richmond Times-Dispatch, The Roanoke Times, The News & Advance in Lynchburg and The Daily Progress in Charlottesville, among others.
Lee rejected an initial bid, but Alden Global persists.
Roben Farzad, host of the Full Disclosure podcast, and Morning Edition host Craig Wright have more on that.
Virginia Public Radio 