Senator calls out hedge fund newspaper owners By Julie Reynolds Pennsylvania Sen. Bob Casey has issued a statement decrying the recent shuttering of the Allentown Morning Call’s offices and newsroom, saying hedge fund owners “have no place” in local newsrooms…. Continue Reading →

By Julie Reynolds A county commissioner in Lehigh County, Pennsylvania, on Wednesday joined a growing list of elected officials around the country by publicly calling on New York hedge fund Alden Global Capital to halt layoffs and extreme cost-cutting at… Continue Reading →

UPDATE: On Sept. 14, the Hartford City Council unanimously approved Rossetti’s resolution. Ben Florsheim, the mayor of nearby Middletown, told council members that Alden Global Capital “sounds like a villainous company from a Disney movie,” according to the Hartford Courant…. Continue Reading →

By Julie Reynolds The Tribune Publishing newspaper chain has defaulted on rent payments and is abruptly closing newsrooms across the country, new financial filings reveal. Tribune admitted in its 10-Q financial report to the Securities and Exchange Commission that “in… Continue Reading →

Mayors urge federal judge to consider readers, communities when ruling on winning bid By Julie Reynolds A storied newspaper chain that has been family-owned for 163 years was auctioned off Friday in bankruptcy proceedings to a hedge fund known for… Continue Reading →

NOTE: This story has been updated to include new information from Thursday’s SEC filing. By Julie Reynolds The vultures have landed in Chicago. With the board appointment of its co-founder and godfather Randall Smith, vulture hedge fund Alden Global Capital… Continue Reading →

NOTE: This announcement was released at 10:30 am Eastern time on June 30, the day Alden Global Capital, owner of Digital First newspapers, is freed from a “standstill” agreement barring it from acquiring more Tribune stock. This paves the way… Continue Reading →

Hedge fund Alden is now free to pounce on additional shares By Julie Reynolds On Tuesday, an agreement expires that has kept Alden Global Capital from buying more shares of Tribune Publishing, raising the specter of a merger or takeover… Continue Reading →

Art by Kirk Anderson For several years, we’ve been running the work of master editorial cartoonist Kirk Anderson, alone or accompanying our stories here at DFMworkers. It’s time to give Kirk’s wit and insight a page of their own. Here,… Continue Reading →

Why is the hedge fund owner of America’s third-largest newspaper chain investing millions in Las Vegas gaming concerns?   By Julie Reynolds I recently wrote about Alden Global Capital’s multi-million-dollar spring shopping spree as the worldwide pandemic unfolded and as… Continue Reading →