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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 →

Who’s the other vulture fund behind Alden Global Capital’s attempted hostile takeover of Gannett?

By Julie Reynolds Vulture hedge fund Alden Global Capital’s efforts to take over the Gannett newspaper chain took some bizarre turns in recent weeks — developments that might seem laughable if not for the danger it poses to the future… Continue Reading →

The Denver Rebellion: A year after reporters at the Denver Post cried out for help, what’s changed?

By Julie Reynolds One year ago, a handful of Denver Post current and former staff shocked the paper’s readers, their news chain’s owners and the nation. After yet another round of devastating layoffs — this one leaving its newsroom slashed… Continue Reading →

New filings show Alden Global Capital is picking up Tribune stock

Hedge fund’s other new investments include troubled offshore oil firms By Julie Reynolds Alden Global Capital, the hedge fund currently attempting a hostile takeover of newspaper giant Gannett Co., is also quietly picking up shares of Tribune Publishing Co. Alden… Continue Reading →

Hedge fund Alden cuts costs by putting one editor in charge of scores of California papers as it aims for USA Today chain’s real estate

By Julie Reynolds While defenders of transparency and democracy are alarmed over recent consolidation moves in the newspaper industry, New York hedge fund Alden Global Capital is preparing to pillage a vast trove of American newspapers’ remaining real estate. And… Continue Reading →

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

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A COMPLETE REFERENCE LIST What is Alden Global Capital? Alden Global Capital 101 Hedge funds and newspapers, a simple primer Working under a hedge fund: how billionaires made the crisis at America’s newspapers even worse Tough bargaining: An insider’s view… 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 →

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