By Julie Reynolds When it comes to gutting local newspapers, the big chain owners like Gannett, Hearst and Lee all seem to be racing to slash staff and resources.  But they are, at least, news media companies.  On the other… Continue Reading →

Online “strike paper” is part of an esteemed tradition By Julie Reynolds It’s rare for private-sector union members to go on strike these days. But it’s even rarer for journalists to walk off the job. I remember occasionally bringing up… Continue Reading →

The founders of Alden Global Capital — the infamous ‘destroyer of newspapers’ — are walking away from unpaid bills as they amass ever more personal wealth (and continue to gut news organizations)   By Julie Reynolds Randall Smith, cofounder of… Continue Reading →

The shadow bank’s legacy includes controversial investments, lawsuits and financing the destruction of local news By Julie Reynolds Citing a New York shadow bank’s dual track record of “funding gun violence and death” and the destruction of local news, the… Continue Reading →

By Julie Reynolds In a stunning Securities and Exchange Commission filing, Lee Enterprises took a big swing at Alden Global Capital, the hedge fund attempting a hostile takeover of the news chain. The filing comes days after a Delaware chancery… Continue Reading →

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 →

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 →

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 →

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 →

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 →