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What would a DFM takeover of Gannett mean for the news industry?

By Julie Reynolds Picture this: Hundreds of U.S. newspapers – essential to our democracy – are controlled by one secretive New York hedge fund, with no obligation to disclose its small group of wealthy investors, hundreds of millions of dollars… Continue Reading →

Everything you need to know about Alden Global Capital and Digital First Media

A complete reference list Or: why Alden’s bid to buy Gannett is a very bad idea After news broke that Digital First Media (also known as MediaNews Group and MNG Enterprises) is attempting a takeover of Gannett newspapers, we thought it… Continue Reading →

Hedge fund Alden attempts takeover of Gannett newspaper chain

Digital First Media’s profits “near the top of the industry,” company says in takeover letter By Julie Reynolds Billing itself as a savior of newspapers, vulture hedge fund Alden Global Capital has made a $1.36 billion hostile takeover bid to… Continue Reading →

Despite severe cuts, DFM reporters go above and beyond to cover California’s worst wildfire in history

EDITOR’S NOTE: Understaffed and under-paid, the staff of the Chico Enterprise-Record and Paradise Post worked night and day covering California’s worst wildfire in history, while their community burned around them. Ten of the staffers lost their homes in this disaster. This Holiday… Continue Reading →

SAVING LOCAL NEWS

Duke University’s media center takes a well-researched look at local news decline. But will it tackle a major funder’s role in exacerbating the problem?   By Julie Reynolds A recent report on the state of local news, published by Duke… Continue Reading →

NEW STUDY: Digital First Media leads in profits; news deserts expanding

By Julie Reynolds In the second half of a scathing new study titled “The Expanding News Desert,” the University of North Carolina’s School of Media and Journalism lays bare the devastating effect hedge funds and other investment firms are having… Continue Reading →

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 laid off… Continue Reading →

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,… Continue Reading →

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… Continue Reading →

New Video – DFM Workers Fight to Save Local News

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