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 →
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 →
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…. Continue Reading →
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… Continue Reading →
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… Continue Reading →
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,… Continue Reading →
May 24, 2018 DFM BARGAINING BULLETIN PHILADELPHIA — DFM management came to a bargaining session empty-handed today, telling a national coalition of NewsGuild representatives that the company’s hedge fund ownership intends to keep employee pay frozen companywide to help maintain… Continue Reading →
The fight to save hometown news is just beginning: “We will see you, and you’re definitely going to see us.” #AldenExposed
Marching to Alden headquarters | Photo by Tania Barricklo On May 8, Digital First Media journalists rallied in New York City and Denver to tell Alden Global Capital executives to get their vulture hedge fund out of the news… Continue Reading →
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