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"julie reynolds"

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 →

Senators blast Alden Global Capital’s “newspaper-killing business model”

By Julie Reynolds Twenty-one prominent US Senators have sent a scathing letter to the founders of Alden Global Capital, decrying its “newspaper-killing business model” and vowing to “continue watching Alden closely.” The letter was sent last week on the eve… Continue Reading →

The other side of Alden’s Gannett takeover threat

Britain’s second-largest newspaper chain is also in the crosshairs By Julie Reynolds There’s been a lot of media coverage about what might happen to America’s local news if vulture hedge fund Alden Global Capital, owner of the Digital First Media… Continue Reading →

Under federal investigation, Alden pulls half its proposed Gannett takeover slate

A screenshot of Alden’s revised board slate from savegannett.com By Julie Reynolds It’s been a tough week for Alden Global Capital, the hedge fund trying to take over the nation’s largest newspaper chain, as senators, shareholders, creditors and federal agencies… Continue Reading →

PULITZERS: Despite having the ‘worst owners,’ Digital First Media journalists continue to produce prize-winning work

By Julie Reynolds The “small but mighty” newsroom at the Chico Enterprise-Record was a finalist for the Pulitzer Prize in Breaking News this week. Working in collaboration with the Bay Area News Group — which includes the San Jose Mercury… Continue Reading →

Unions call for Gannett shareholders to reject hedge fund’s takeover slate

By Julie Reynolds Leaders of the NewsGuild and Teamsters unions have issued a call to Gannett shareholders this week to reject a “hopelessly conflicted” board takeover effort by vulture hedge fund Alden Global Capital, owner of Digital First Media newspapers…. Continue Reading →

Representatives launch national initiative to save local news

NOTE: This story has been updated to include a link to the resolution to support local news. By Julie Reynolds Responding to the dire challenges faced by local news, U.S. representatives are launching bills to protect local news outlets and… Continue Reading →

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