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News

Showtime in Denver: an annotated transcript

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. …
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SAVING LOCAL NEWS: a reporter takes his message straight to hedge fund president Heath Freeman

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, …
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Highly profitable DFM again refuses to offer pay increase

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 …
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Leaked financial report shows jaw-dropping profits for ‘outlaw’ newspaper owner

Hedge fund turns a blind eye to rats and mildew to rake in industry-topping earnings

 

By Julie Reynolds

The hedge fund behind draconian staff cuts at Digital First Media newspapers — including The Denver Post, San Jose Mercury News …
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A CALL TO ACTION for Digital First Media editors and publishers

By Julie Reynolds

The rebellion two weeks ago by The Denver Post’s editorial board against the newspaper’s hedge-fund owners spurred a national outcry, including a front-page article in The New York Times and coverage in The Washington Post, Time magazine, …
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The Revolution in Denver

The Denver Post revolts against its hedge fund owner while Alden Global Capital exec expands his East Hampton mansion

By Julie Reynolds

As the media world rocks and reels this week over the Denver Post’s defiance against its hedge fund …
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In court filing, Hedge fund Alden admits diverting hundreds of millions from newspaper chain

By Julie Reynolds

Hedge fund Alden Global Capital admitted in court filings last week that its newspaper holding company has diverted hundreds of millions of dollars from struggling Digital First Media newspapers into Alden-managed investments.

The cash siphoning, engineered through …
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VIDEO: Watch what hedge fund Alden Global Capital has done to the Pulitzer-Prize winning Denver Post newsroom

Since this photo was taken in May 2013, The Denver Post newsroom staff has been cut by more than half as Alden Global Capital, the hedge fund that owns the paper, rakes in massive profits. And more layoffs are on …
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Denver Post newsroom slashed by 1/3 as hedge fund continues eviscerating Digital First Media papers

“A legal looting of the public trust.”

By Julie Reynolds

Nearly a third of the Denver Post’s newsroom will be laid off, management told staff Wednesday as the paper’s hedge fund owners continue slashing jobs to maintain high profit levels.…
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Journalists Demand Owners Put Quality News Before Profits

SIGN THE PETITION

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Journalists Demand Owners Put Quality News Before Profits

 Pacific Media Workers Guild, Local 39521
415-421-6833
guild@mediaworkers.org

 

JOINT STATEMENT
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