Money Never Takes a Holiday

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The fight between Alden Global Capital and Lee Enterprises has moved to a Delaware courtroom where Alden is suing Lee.

As you know, Alden owns Tribune Publishing(Hartford Courant) and is attempting a hostile takeover of Lee, one of the nation’s largest independent newspaper chains. Lee recently blocked an attempt by Alden to seat three people on the Lee board, Alden is suing over the issue.