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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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 →

Alden is undermining a Baltimore philanthropist’s higher bid for Tribune Publishing

Tribune CEO Terry Jimenez was lone voice voting against Alden takeover  By Julie Reynolds Alden Global Capital is aggressively undermining an effort by a Maryland hotel magnate to buy Tribune Publishing and possibly make its papers nonprofit charities, a new… Continue Reading →

Connecticut bill aims to block Hartford Courant’s hedge fund owners from making moves not ‘in the public interest’

A committee of the Connecticut state legislature heard compelling testimony Thursday about the value of The Hartford Courant to the local community and the threat that Alden Global Capital poses to it. “The hedge funds and private equity (newspaper) owners… Continue Reading →

With Tribune chain possibly up for grabs, Pennsylvania lawmakers come out to support local news

By Julie Reynolds Two Pennsylvania lawmakers have made new public statements in support of local journalism and the Allentown Morning Call, a newspaper whose ownership is now up for grabs as a vulture hedge fund’s offer for Tribune Publishing faces… Continue Reading →

Congress finally faces the local news crisis

In a hearing on saving “the free and diverse press,” NewsGuild president urges lawmakers to protect local news and jobs   By Julie Reynolds Summing up the nation’s local news crisis as a combination of unfair siphoning of advertising revenue… Continue Reading →

Tribune board agrees to sell company to Alden

Deal includes selling The Baltimore Sun and several other papers to a nonprofit foundation Sale must be approved by 2/3 of remaining shareholders   By Julie Reynolds Alden Global Capital, the New York hedge fund known for draconian cost-cutting at… Continue Reading →

Union asks Treasury Secretary Yellen to investigate Alden’s secretive offshore ownership of news chains

Request comes as Alden is poised to acquire Tribune Publishing By Julie Reynolds As New York vulture fund Alden Global Capital takes steps to take majority control of Tribune Publishing, The NewsGuild-CWA has requested a federal inquiry into Alden’s secretive… Continue Reading →

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 →

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