Feb 7
2022
The latest news on The Buffalo News
Here’s the latest on the tussle over the ownership of the chain that owns The Buffalo News: To recap, Alden Global Capital made a bid late last year to purchase Lee Enterprises, whose newspaper holdings include The News. Lee has resisted in a series of maneuvers and the back-and-forth between the companies has gotten quite nasty. The latest salvo came last week in the release of the chain’s quarterly financial report in which it described its media holdings as “the fastest growing digital subscription platform in local media.” Net profits were $13.2 million. All is good, according to Lee. Alden[...]