Associated Press: Newspaper publisher Lee Enterprises has rejected a takeover offer from the Alden Global Capital hedge fund that is one of the largest newspaper owners in the country with a reputation for intense cost cuts and layoffs. Davenport-based Lee said today that its board unanimously rejected Alden’s offer to buy the company for $24 per share, or about $141 million, because it isn’t in the best interests of shareholders. Also today, Lee reported a $5.3 million fiscal fourth-quarter profit, rebounding from a $1.3 million loss a year ago, as the number of digital-only subscribers at the company grew 65% to 402,000.