Everything you need to know about Alden Global Capital and Local Newspapers

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A COMPLETE REFERENCE LIST In a hurry? READ the Hedge Clippers’ Hedge Paper “Fear The Vulture” — the definitive guide to Alden Global Capital What is Alden Global Capital? Alden Global Capital 101 Hedge funds and newspapers, a simple primer… Continue Reading →

Newspaper owner Alden is now buying and selling America’s old Greyhound terminals

By Julie Reynolds When it comes to gutting local newspapers, the big chain owners like Gannett, Hearst and Lee all seem to be racing to slash staff and resources.  But they are, at least, news media companies.  On the other… Continue Reading →

Denver Post newsroom workers invoke “Thirst Amendment” to raise awareness about conditions under Alden

Story and photos by Tiney Ricciardi When negotiations get tough, the tough get fermenting. That’s the approach The Denver Post’s newsroom union took when it partnered with a local brewery on an “extra, extra” special beer to raise awareness about its… Continue Reading →

Pittsburgh newspaper workers are making history

Online “strike paper” is part of an esteemed tradition By Julie Reynolds It’s rare for private-sector union members to go on strike these days. But it’s even rarer for journalists to walk off the job. I remember occasionally bringing up… Continue Reading →

Boundless Greed

The founders of Alden Global Capital — the infamous ‘destroyer of newspapers’ — are walking away from unpaid bills as they amass ever more personal wealth (and continue to gut news organizations)   By Julie Reynolds Randall Smith, cofounder of… Continue Reading →

The NewsGuild urges public pension funds to divest from Cerberus

The shadow bank’s legacy includes controversial investments, lawsuits and financing the destruction of local news By Julie Reynolds Citing a New York shadow bank’s dual track record of “funding gun violence and death” and the destruction of local news, the… Continue Reading →

NewsGuild to Lee Shareholders: Reject Alden’s ‘Vote No’ Campaign

By Sally Davidow, The NewsGuild The NewsGuild-CWA is urging shareholders of Lee Enterprises to rebuff the latest moves by Alden Global Capital to take control of the company. In a March 1 letter, NewsGuild President Jon Schleuss urged “fellow shareholders” to… Continue Reading →

When a hedge fund’s shell game backfires: Lee strikes back at Alden after courtroom victory

By Julie Reynolds In a stunning Securities and Exchange Commission filing, Lee Enterprises took a big swing at Alden Global Capital, the hedge fund attempting a hostile takeover of the news chain. The filing comes days after a Delaware chancery… Continue Reading →

Guild members ask retirement systems to stop supporting the destruction of local news

Numerous public pension funds have invested in Cerberus, the ‘shadow banker’ behind Alden Global Capital   Members of The NewsGuild are speaking out to public pension funds about their support of a company that has financed the destruction of local news…. Continue Reading →

How is Alden Global Capital going to pay for a takeover of Lee Enterprises?  

Alden’s sleight-of-hand bid demands a closer look UPDATE, 11/25/2021: Lee Enterprises has enacted a plan to keep Alden from buying more than 10% of the company to give Lee more time to consider the takeover offer. By Julie Reynolds The… Continue Reading →

NewsGuild urges public pension funds to divest from Cerberus, citing the firm’s role in the destruction of local news

By Julie Reynolds Saying their investments are “enabling the destruction of local news,” The NewsGuild-CWA is calling on two of the nation’s largest public pension plans to consider divesting from the private equity firm Cerberus Capital Management. In letters sent… Continue Reading →

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