Lee Enterprises has been quietly laying off top editors and other staff across its local papers. The cost-cutting moves come after an unsolicited takeover bid from Alden Global Capital, a hedge fund known for consolidating local news for profit.
https://www.axios.com/lee-quietly-slashes-jobs-following-hostile-takeover-attempt-0d79cadb-7e82-4d9b-9e68-210fdd1824fe.html