‘Shrouded in suspicion’: Fred’s creditors ask for Alden investigation

UPDATE: A federal bankruptcy judge on Oct. 16 ordered Alden to turn over requested documents to creditors and will allow them to question Alden president Heath Freeman under oath.   By Julie Reynolds Saying hedge fund Alden Global Capital’s acquisition… Continue Reading →

Fred’s Pharmacies closing all stores as hedge fund Alden continues to eliminate thousands of jobs

Alden siphoned local newspapers’ profits to buy its controlling stake in the now-bankrupt drugstore chain   By Julie Reynolds New York hedge fund Alden Global Capital has reached the final chapter in its destruction of another American retail chain, with… Continue Reading →

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As the vultures circle

In the GateHouse-Gannett mega-merger, Alden Global Capital plunders its newspapers’ reserves for another questionable investment   By Julie Reynolds As private equity and hedge fund vultures circle over America’s remaining daily newspapers, it’s getting harder to determine Alden Global Capital’s… Continue Reading →

A Capitol Idea: Calling Out Hedge Funds

Evan Brandt in Washington | Photo, Julie Reynolds   By Evan Brandt Pottstown, PA Sometimes, shouting into the wilderness gets results. As some of you may have seen on Twitter, last week I took a pilgrimage to Washington, D.C. to… Continue Reading →

The Alden Global Capital Crazy Wall

In which we map Alden’s layers of shell companies to try to figure out who owns your hometown newspaper By Julie Reynolds Almost every crime movie these days has a crazy wall. It’s one of those bulletin boards detectives put… Continue Reading →

The Alden Matters: Heat turned up on Alden Global Capital in federal court

Heath Freeman and others may face subpoenas, depositions By Julie Reynolds The secretive business practices of Alden Global Capital, owner of the Digital First Media newspaper chain, will soon face scrutiny in a federal bankruptcy court, just weeks after Alden’s… Continue Reading →


Despite a hampered Senate, bipartisan efforts in the House continue By Julie Reynolds Legislative efforts to save local news continue in Washington after New York hedge fund Alden Global Capital’s failed takeover of the Gannett newspaper chain. Sen. Sherrod Brown… Continue Reading →

Alden poised to acquire Reading Eagle’s real estate along with a cash cow

Nearly $4 million in buildings and land come with $5 million bankruptcy sale By Julie Reynolds After a federal judge gave Alden Global Capital the go-ahead to buy the Reading Eagle for $5 million, fears of becoming a near-news desert… Continue Reading →

Senators blast Alden Global Capital’s “newspaper-killing business model”

By Julie Reynolds Twenty-one prominent US Senators have sent a scathing letter to the founders of Alden Global Capital, decrying its “newspaper-killing business model” and vowing to “continue watching Alden closely.” The letter was sent last week on the eve… Continue Reading →

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