Hedge fund Alden reignites effort to purchase Chicago’s Tribune Publishing

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A hedge fund that owns a big stake in Tribune Publishing Co. is in talks to buy the newspaper chain behind titles including the Chicago Tribune and New York Daily News.

Alden Global Capital LLC, Tribune’s largest shareholder with a 32% stake, is discussing a deal with the publishing company to buy the shares it doesn’t already own, according to people familiar with the matter. A deal for Tribune could be reached this month, the people said, though they cautioned that the negotiations are far from over and could still fall apart.