A screenshot of Alden’s revised board slate from savegannett.com By Julie Reynolds It’s been a tough week for Alden Global Capital, the hedge fund trying to take over the nation’s largest newspaper chain, as senators, shareholders, creditors and federal agencies… Continue Reading →
By Julie Reynolds The “small but mighty” newsroom at the Chico Enterprise-Record was a finalist for the Pulitzer Prize in Breaking News this week. Working in collaboration with the Bay Area News Group — which includes the San Jose Mercury… Continue Reading →
By Julie Reynolds Leaders of the NewsGuild and Teamsters unions have issued a call to Gannett shareholders this week to reject a “hopelessly conflicted” board takeover effort by vulture hedge fund Alden Global Capital, owner of Digital First Media newspapers…. Continue Reading →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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