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Shareholders approve the sale of Orlando Sentinel’s parent company Tribune Publishing to Alden Global Capital

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Alden, who already owned a third of the company and advocated aggressive cost cuts to increase profits, placed a $ 633 million bid on newspapers like the Sentinel, Chicago Tribune, Baltimore Sun, and Hartford Opposition from journalists at Tribune Publishing was Courant and the New York Daily News. For more than a year now, they have been trying to fend off Alden, whose reputation for making bigger margins is remarkable, even in a shrinking industry marked by cost cutting and aggressive layoffs.

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Janet Smith