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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 →
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 →
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 →
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 →
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 →
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 →
We did it! We raised national awareness of Alden’s extreme chop-shop tactics and on May 16, Gannett shareholders successfully fended off Alden Global Capital’s hostile takeover attempt! The fight to save local news is far from over, but we’re on… Continue Reading →
Britain’s second-largest newspaper chain is also in the crosshairs By Julie Reynolds There’s been a lot of media coverage about what might happen to America’s local news if vulture hedge fund Alden Global Capital, owner of the Digital First Media… Continue Reading →
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