Hearst Favored by Shareholder over Denver's MNG in DallasNews Takeover Battle

Alden Global Capital fails in its attempt to get its tentacles on The Dallas Morning News

By now, it’s a familiar move to watchers of Alden Global Capital, the ravenous hedge fund with the unusual hobby of sucking the lifeblood out of newspapers. See, Alden likes to wait until a newspaper merger or acquisition is juuuuust about consummated. Then, right before the final papers get signed, it swoops in with a late bid that promises the seller a bigger payday. Respectable newspaper owners don’t love the idea of selling to Alden, whose r…

Hearst favored by shareholder over Denver's MNG in DallasNews takeover battle

A controlling stakeholder and founder's descendent rejects idea of Alden Global-backed company buying Dallas Morning News despite richer bid.

DallasNews rejects bid from Alden Global Capital, takes steps to fight takeover

DallasNews Corp rejects Alden Capital's offer and plans to block stock increase, affirming the Hearst merger.