Mediagazer: Alden Global Capital offers to acquire Lee Enterprises for about $140M, or $24/share, a ~30% premium on its November 19 closing price (Rick Edmonds/Poynter)

7:20 AM ET, November 23, 2021

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Rick Edmonds / Poynter:

Alden Global Capital offers to acquire Lee Enterprises for about $140M, or $24/share, a ~30% premium on its November 19 closing price — The hedge fund has developed a reputation for slashing staff in newsrooms and other departments and selling off real estate at outlets it owns.

Discussion: New York Times, @seandkennedy, Business Wire, Nieman Lab, Washington Post, @annaknicolaou, @mckaycoppins, CNN, @marcatracy, @dw_grant, Associated Press, @sarafischer, Pink's Bottom Line on Media …, @kimberlyforiowa, @saragregory, @maxkennerly, @itsren, @ben_baby, @gagemiskimen, @joshuadarr, @robcurley, @poynter, @dmregister, @jeremylittau, @ofirahy, @davidfolkenflik, @edmundlee, @ashleyinnrv, @meghin_, @aishas, @washingtonpost, @markstenberg3, @ellengerst, @johncasperjr, @cnn, @jimfriedlich, @katereports, @jessieopie, @sarahfenske, @existentialfish, @tripgabriel, @nelsonforwi, @markreardonkftk, @nancylcoleman, @bystevereilly, @dlboardman, @katereports, @davidfolkenflik, @rczullo, @jayrosen_nyu, @charlesornstein, @sabrinaamorenoo, @bwjones, @poynter, @aliaconleyowh, @zdroberts, @shahlafarzan, @rickhasen, @tedgenoways, @buffaloguild, @andrewgraham88, @brennanmgilmore, @lylemuller, @raleighreporter, Charlottesville Community …, Wall Street Journal, Editor and Publisher, Press Gazette and MediaPost

Ben Smith / New York Times:

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Gizmodo:

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Wall Street Journal:

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Wendy Lee / Los Angeles Times:

Two former Netflix employees at the center of protests over Chappelle's special, one who just resigned, withdraw their NLRB charge against the company — Two former Netflix employees who raised concerns about transphobic remarks in Dave Chappelle's latest special “The Closer” …

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Anna Nicolaou / Financial Times:

Jessica Lessin says The Information has 225,000 “active users”, including paid subscribers and newsletter readers, as it launches a weekend lifestyle edition — Website aimed at Silicon Valley proves value of subscription model for journalism — The Information …

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Brian Steinberg / Variety:

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Sarah Perez / TechCrunch:

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Charlotte Tobitt / Press Gazette:

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Brian Welk / The Wrap:

Netflix acquires visual effects studio Scanline VFX, whose work includes Stranger Things 3; Scanline will continue to operate as a standalone VFX business — Netflix is acquiring the visual effects studio Scanline VFX, which has been behind special effects work for Netflix's recent series …

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Bloomberg:

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Discussion: Sports Media Guy, @lucas_shaw, @gerryfsmith, @timothyrryder, @ajs, @pkafka, @jmcguiremlb, @ckrewson, @byalfrancisco, @trengriffin, @aquinas82nd, @scottbrodbeck, @jblock49, @draglikepull, @crayton_h and @lucas_shaw

Robert Feder:

Chicago's Better Government Association, a nonprofit watchdog, receives $10M grant from McCormick Foundation to expand its investigative journalism staff — Chicago's Better Government Association, the nonprofit investigation journalism and government watchdog organization …

Discussion: @localnewsini, @robertfeder, Chicago Business, @colinjmcmahon, @timafranklin, Better Government Association, @louisekiernan and Daily Herald

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