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"julie reynolds"

THE INCREDIBLE SHRINKING HEDGE FUND

Alden and former Digital First Media execs prosper despite lawsuits and bad investments

By Julie Reynolds

BREAKING: Just as this story posted, Fred’s Pharmacies filed a Worker Adjustment and Retraining Notification to announce that 80 employees will be permanently
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NEWSPAPERS WITHOUT NEWSROOMS

First it sold off all its newspapers’ buildings. Now, by closing rented offices and making reporters work from home and coffee shops, Digital First Media takes extreme cost-cutting to a new level.

 

By Julie Reynolds

When the Longmont, Colorado
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Plateaus, dividends and Band-Aids

Breaking down DFM execs’ claims, one at a time

 

By Julie Reynolds

Digital First Media needs to pillage its newspapers in order to make them better — that’s the essence of the business strategy described by DFM president Joe Fuchs …
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Showtime in Denver: an annotated transcript

DFM’s COO Guy Gilmore and president Joseph Fuchs attempt to justify Alden Global Capital’s business practices to Denver Post staff

Here’s a transcript of the meeting between Digital First Media management and employees at the Denver Post on June 19. …
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Who Profits From Alden Global Capital? You’d be surprised.

By Julie Reynolds

As a reporter who’s covered Alden Global Capital for more than two years, people often ask me who are the investors behind the hedge fund that owns one of America’s largest newspaper chains?

They want to know …
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Is Alden Global Capital on shaky financial ground?

Losses at Fred’s pharmacy chain could mean trouble

By Julie Reynolds

 

Class action litigators are sniffing around Alden Global Capital’s investment practices, signaling potential new trouble for the secretive New York hedge fund as it pillages newspapers to prop …
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SAVING LOCAL NEWS: a reporter takes his message straight to hedge fund president Heath Freeman

Brandt in front of Freeman’s Montauk home. | Photo by Lorraine Dusky


By Evan Brandt

There is a scene I love at the end of the 1972 Robert Redford film “The Candidate.”

Redford’s character, the naive political novice Bill McKay, …
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Journalists take the fight to Alden

By Julie Reynolds

Digital First Media journalists converged May 8 in Manhattan, arriving from newspapers around the country to deliver more than 11,000 signed letters demanding change from the chain’s hedge fund owner Alden Global Capital.

The group gathered in …
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Leaked financial report shows jaw-dropping profits for ‘outlaw’ newspaper owner

Hedge fund turns a blind eye to rats and mildew to rake in industry-topping earnings

 

By Julie Reynolds

The hedge fund behind draconian staff cuts at Digital First Media newspapers — including The Denver Post, San Jose Mercury News …
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Alden Global’s Desperate Crackdown

Hedge fund attempts to censor its newspapers’ own criticism as outrage, rebellion grow

By Julie Reynolds

New York-based hedge fund Alden Global Capital is bearing down on editors as it attempts to censor criticism of its management of the Digital …
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