A year under Alden’s grip, how is Tribune faring?

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By Julie Reynolds One year ago, the vulture hedge fund Alden Global Capital bought nearly a third of the stock in Tribune Publishing, one of the nation’s most venerable newspaper chains, owner of the Chicago Tribune, Baltimore Sun, Orlando Sun-Sentinel,… Continue Reading →

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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Alden’s Randall Smith needs to apologize for supporting Trump

By Jon Schleuss Earlier today, I wrote to Randall D. Smith, a Tribune director and the principal of Alden Global Capital,  urging him to condemn the recent assault on the U.S. Capitol by the supporters of President Donald J. Trump. I… Continue Reading →

Citing “gross violations and corporate malfeasance,” NewsGuild-CWA demands removal of Alden-connected members from Tribune Publishing board

By Julie Reynolds Union members at the Chicago Tribune on Tuesday asked for the immediate removal of three Tribune Publishing board members associated with the hedge fund Alden Global Capital, saying the three committed “gross violations of their fiduciary responsibilities.”… Continue Reading →

Alden Makes Its New Year’s Move on Tribune

By Julie Reynolds The hedge fund Alden Global Capital — reviled as the “destroyer of newspapers” — has taken a decisive step toward acquiring Tribune Publishing in the New Year and turning the publicly traded newspaper chain into a private… Continue Reading →

Another newsroom — this time at the nation’s oldest paper — is closing under Alden’s watch

By Julie Reynolds Workers at the 256-year-old Hartford Courant learned Friday that their beloved Broad Street newsroom and offices, occupied for more than seven decades, will soon be closing. “This is outrageous. Just another reason why our current economic order,… Continue Reading →

Northern Colorado newspaper moves to unionize

By Julie Reynolds Less than 12 hours after workers at the Loveland Reporter-Herald in Northern Colorado officially launched a union certification campaign, the paper’s publisher announced “they are suspending the pay cuts and furloughs that were introduced earlier this year,… Continue Reading →

A new low for Tribune

Union demands answers after company apologizes for “misleading and insensitive” email that offered fake bonuses amid pandemic furloughs, newsroom shutdowns and pay cuts By Julie Reynolds A test to see whether Tribune Publishing employees would fall for an email “phishing”… Continue Reading →

Three Pennsylvania lawmakers implore Tribune to keep Allentown Morning Call offices open

By Julie Reynolds Three Pennsylvania elected officials are making the case for saving the Allentown Morning Call newspaper’s downtown offices. In a two-page letter sent to Tribune Publishing’s president and CEO Terry Jimenez, state Sen. Patrick Browne, state Rep. Peter… Continue Reading →

Rep. Susan Wild joins officials calling out Alden for “choosing a path of profiteering” by gutting newsrooms

U.S. Rep. Susan Wild By Julia Reynolds Adding her name to a growing list of elected officials, U.S. Rep. Susan Wild (D-PA) issued a joint statement Friday with Sen. Bob Casey supporting local news workers at the Allentown Morning Call…. Continue Reading →

Company documents show hedge fund Alden is overhauling its newspaper strategy after pandemic brings surprise windfall

With plans to own more shares of Tribune by January, hedge fund says the relationship between two chains is “deepening” By Julie Reynolds In an abrupt strategy change, hedge fund Alden Global Capital appears committed to staying in the news… Continue Reading →

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