Category

News

Heath Freeman’s view from the 34th floor

The brash young executive behind the thousand cuts at your local newspaper

By Julie Reynolds


“What do all these people do?”

Patrick McMullan Archives

Heath Freeman | by Patrick McMullan, Getty Images

Heath Bradford Freeman, the 37-year-old New York hedge fund president …
Continue reading →

The Pulitzer

Pursuing great journalism in the hedge fund era

By Thomas Peele

I was back to work that second Monday in April after a week off, aware of the day and tense about it, almost queasy.

Thomas Peele

After we’d won …
Continue reading →

THE MAN BEHIND THE CURTAIN, Part 2

The rise (and myth) of Alden Global

Read Part 1 here.

By Julie Reynolds

While Randall Smith and his close relatives were investing in Western U.S. real estate, hotels and oil fields, Smith was also busy expanding his offshore …
Continue reading →

THE MAN BEHIND THE CURTAIN, Part 1

Randy Smith and the destruction of the American newspaper

Read Part 2 here.

Part 1 The Birth of an Empire

By Julie Reynolds

Randall D. Smith is many things, but he’s not a man who’s ever showed an …
Continue reading →

From newspapers to big coal: Alden’s questionable investments continue

By Julie Reynolds

Alden Global Capital, the hedge fund behind the wholesale pillaging of one of America’s largest newspaper chains, specializes in troubled industries.

At times, investing in businesses on the brink has been a losing bet for Alden, …
Continue reading →

Mixing business and pleasure: newspaper asset sales mingled with home buying spree

By Julie Reynolds

When billionaire Randall Smith bought a $3.6 million mansion at 341 Hibiscus Avenue in Palm Beach County, the ownership papers traced back to a prestigious address in midtown Manhattan: Suite 1940 at 885 Third Avenue, better known …
Continue reading →

STAND UP TO THE WALL STREET HEDGE FUND STRIP MINING 200+ NEWSPAPERS NATIONWIDE

Join more than 11,000 others demanding transparency from Alden Global Capital, the secretive owner decimating Digital First Media newspapers: “The public has a right to know about …
Continue reading →

Sticky post

How newspapers — and communities — pay for bad hedge fund bets

Inside the Alden–Fred’s pharmacy $100 million debacle

 

In the book The Big Short: Inside the Doomsday Machine, author Michael Lewis asks:

“What are the odds that people will make smart decisions about money if they don’t need to …
Continue reading →

I am ashamed: Veteran reporter slams a major news chain’s failure to cover Charlottesville

Editor’s note: The following is an open letter to Digital First Media’s Philadelphia-area publisher Edward Condra from Evan Brandt, an award-winning reporter from the Pottstown (Pennsylvania)  Mercury. It has been slightly shortened from the original version.

——————–

From: Evan Brandt
Continue reading →

© 2017 DFM Workers

Theme by Anders NorenUp ↑