New owner potentially on the horizon at The Roanoke Times

Roanoke Valley News

ROANOKE, Va. (WFXR) – The Roanoke Times could soon be under new ownership – again.

The Poynter Institute is reporting that Alden Global Capital, LLC is looking to purchase Lee Enterprises – the Times’ parent company.

The news outlet says Alden Global Capital, LLC has “developed a reputation for slashing staff in newsrooms and other departments and selling off real estate at outlets it owns.”

Earlier this year, Lee Enterprises announced they were going to lay off nine staff members at The Roanoke Times.

Lee Enterprises acquired The Roanoke Times in early 2020.

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