NEW YORK – The secretive hedge fund Alden Global Capital launched a hostile take-over for Lee Enterprises, whose properties include the Winona Daily News. Alden offered $141 million. The Winona paper is but a blip in the Lee Media empire of 77 dailies and dozens of weeklies. Alden bought into Lee in January 2020, acquiring 5.9% of the financially pressed company. To take over, Alden now is offering $24 a share to entice Lee shareholders to sell. Alden is not new to the news business. In 2010 it bought the bankrupt Media News Group, whose flagship was the Denver Post. This May it bought the financially flailing Chicago Tribune chain. This year Alden took aim at the giant Gannett chain but failed.