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 →

STAND UP TO THE WALL STREET HEDGE FUND STRIP MINING 100+ NEWSPAPERS NATIONWIDE |  Join more than 11,000 others demanding transparency from Alden Global Capital, the secretive owner decimating Digital First Media newspapers: “The public has a right to know… Continue Reading →

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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 →

FROM NIEMAN LAB: The “shadow bank” that — with the help of public pension funds — is aiding the destruction of local news

Cerberus Capital Management is entrenched in the military industrial complex and its company trained a journalist’s assassins. It also made possible the takeover of Tribune Publishing.   By Julia Reynolds   To the ancient Greeks, Cerberus was the hound of Hades, a… Continue Reading →

Tribune papers lose more than 89 positions under staff buyouts

Hedge fund Alden empties newsrooms right after Tribune takeover  By Julie Reynolds   The bells have tolled and the numbers are grim. This week, scores of Tribune Publishing employees accepted buyouts that were offered immediately after vulture hedge fund Alden… Continue Reading →

From Nieman Lab: Alden Global Capital and Tribune’s board are dancing at the edge of the law

Tribune board members acted in their own interests, not their newspaper chain’s, while Alden failed to disclose a secret investor meeting and misrepresented its cash position.   By JULIE REYNOLDS June 22, 2021, 1:12 p.m.   The ink wasn’t dry, but the… Continue Reading →

Patrick Soon-Shiong has some explaining to do

Tribune announces Alden has successfully taken over, but the intentions of the man whose vote counts most remain unclear By Julie Reynolds Tribune Publishing officials said Friday that shareholders quickly voted to approve a takeover of the storied newspaper chain… Continue Reading →

The NewsGuild-CWA issues letter to Tribune shareholders urging a NO vote on Alden takeover

By Julie Reynolds The nation’s largest union representing journalists has filed a letter to shareholders with the Securities and Exchange Commission on Tuesday, urging a “no” vote on hedge fund Alden Global Capital’s attempted takeover of Tribune Publishing. The NewsGuild-CWA… Continue Reading →

Tribune could take on massive debt to finance its own takeover

Cash-strapped and banished from its luxury offices, Alden Global Capital has crafted a Faustian bargain to buy the publisher  By Julie Reynolds Alden Global Capital says it can buy Tribune Publishing with surplus cash on hand, but the former New… Continue Reading →

Denver Post newsroom pledges to improve diversity and racial equity, while owner Alden refuses accountability

Staff says hedge fund Alden refused to let paper publish diversity announcement for readers By Julie Reynolds After George Floyd’s killing and the national reckoning on race that followed, journalists at the Denver Post have been meeting regularly to look… Continue Reading →

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