Hedge Fund Videos | 30+ Free Videos on Hedge Funds

Hedge Funds Newspaper

Hedge Funds Newspaper

Hedge Fund Activity Growing in Newspaper Industry 

Several hedge funds have been pursuing distressed newspaper publishers in hopes of obtaining a stake in the publisher by purchasing its debt.  These hedge funds include Angelo, Gordon & Co. and Alden Global Capital and Oaktree Capital Management.
Over the last year, bankrupt newspaper companies including Tribune Co., owner of the Los Angeles Times, KTLA-TV Channel 5 and other news organizations, have been overrun by a category of stealthy "distressed debt" hedge funds. These include Angelo, Gordon & Co. and Alden Global Capital, both of New York, and Oaktree Capital Management of Los Angeles.

Their basic strategy: Quietly buy up as much cheap, delinquent debt as possible and then fight it out in Bankruptcy Court for a lucrative settlement that transforms the debt into a large share of company stock.

Experts say it is unlikely that any single fund has amassed enough of a stake to take outright control of one or more publishers. But alliances of like-minded funds and big banks like JPMorgan Chase & Co., which have also received significant chunks of equity through restructurings, could give nontraditional investors like Angelo and Alden unusual clout over a wide swath of the newspaper industry.  Source

Related to: Hedge Funds Newspaper

Tags: Hedge Funds Newspaper, hedge funds, hedge funds newspapers, print media, print newspapers, hedge funds and news

Link to This Resource: Hedge Funds Newspaper

Redesign by HedgeCo Website Creation