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News

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 …
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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
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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
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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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