Everything you need to know about Alden Global Capital and Digital First Media

Sticky post

A COMPLETE REFERENCE LIST What is Alden Global Capital? Alden Global Capital 101 Hedge funds and newspapers, a simple primer Working under a hedge fund: how billionaires made the crisis at America’s newspapers even worse Tough bargaining: An insider’s view… 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 →

Sticky post

New survey reveals the stark reality of working at a hedge-fund-owned newspaper chain

Respondents report Digital First/Alden papers’ job losses far outstrip national averages  By Julie Reynolds “Old equipment, poor morale.” “(We’re) now officeless.” “Horrible. We’re not even a newspaper anymore.” “Constant threat of being laid off.” For the first time, workers at… Continue Reading →

‘Shrouded in suspicion’: Fred’s creditors ask for Alden investigation

UPDATE: A federal bankruptcy judge on Oct. 16 ordered Alden to turn over requested documents to creditors and will allow them to question Alden president Heath Freeman under oath.   By Julie Reynolds Saying hedge fund Alden Global Capital’s acquisition… Continue Reading →

Fred’s Pharmacies closing all stores as hedge fund Alden continues to eliminate thousands of jobs

Alden siphoned local newspapers’ profits to buy its controlling stake in the now-bankrupt drugstore chain   By Julie Reynolds New York hedge fund Alden Global Capital has reached the final chapter in its destruction of another American retail chain, with… Continue Reading →

Are you a current or former Digital First Media/Media News Group employee? DFMworkers.org wants to hear from you! 

DFM / MNG employment survey Help us improve our reporting about staff cuts at DFM / MNG newspapers! The survey below is quick and easy.   powered by Typeform

As the vultures circle

In the GateHouse-Gannett mega-merger, Alden Global Capital plunders its newspapers’ reserves for another questionable investment   By Julie Reynolds As private equity and hedge fund vultures circle over America’s remaining daily newspapers, it’s getting harder to determine Alden Global Capital’s… Continue Reading →

A Capitol Idea: Calling Out Hedge Funds

Evan Brandt in Washington | Photo, Julie Reynolds   By Evan Brandt Pottstown, PA Sometimes, shouting into the wilderness gets results. As some of you may have seen on Twitter, last week I took a pilgrimage to Washington, D.C. to… Continue Reading →

The Alden Global Capital Crazy Wall

In which we map Alden’s layers of shell companies to try to figure out who owns your hometown newspaper By Julie Reynolds Almost every crime movie these days has a crazy wall. It’s one of those bulletin boards detectives put… Continue Reading →

The Alden Matters: Heat turned up on Alden Global Capital in federal court

Heath Freeman and others may face subpoenas, depositions By Julie Reynolds The secretive business practices of Alden Global Capital, owner of the Digital First Media newspaper chain, will soon face scrutiny in a federal bankruptcy court, just weeks after Alden’s… Continue Reading →

CONGRESS DIVES INTO THE LOCAL NEWS CRISIS

Despite a hampered Senate, bipartisan efforts in the House continue By Julie Reynolds Legislative efforts to save local news continue in Washington after New York hedge fund Alden Global Capital’s failed takeover of the Gannett newspaper chain. Sen. Sherrod Brown… Continue Reading →

Alden poised to acquire Reading Eagle’s real estate along with a cash cow

Nearly $4 million in buildings and land come with $5 million bankruptcy sale By Julie Reynolds After a federal judge gave Alden Global Capital the go-ahead to buy the Reading Eagle for $5 million, fears of becoming a near-news desert… Continue Reading →

« Older posts

© 2019 DFM Workers

Theme by Anders NorenUp ↑