Dec 1
2021
Darth Vader is eyeing The Buffalo News
The past decade have been tough times for The Buffalo News. Declining circulation. Smaller profits. Deep cuts in the newsroom staff, resulting in less local news coverage. Things may soon become much more difficult. Alden Global Capital, regarded as the Darth Vader of newspaper chains, has made an offer to buy Lee Enterprises, whose holdings include The News. Alden announced its intentions last week and Lee responded as you would expect to what is clearly a hostile takeover attempt. No matter, the vultures are circling. Chains in general are bad for daily newspapers. Alden is the worst of them. “Every[...]