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Under federal investigation, Alden pulls half its proposed Gannett takeover slate

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 →

PULITZERS: Despite having the ‘worst owners,’ Digital First Media journalists continue to produce prize-winning work

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 →

Unions call for Gannett shareholders to reject hedge fund’s takeover slate

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 →

Representatives launch national initiative to save local news

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 →

Who’s the other vulture fund behind Alden Global Capital’s attempted hostile takeover of Gannett?

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 →

The Denver Rebellion: A year after reporters at the Denver Post cried out for help, what’s changed?

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 →

New filings show Alden Global Capital is picking up Tribune stock

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 →

Hedge fund Alden cuts costs by putting one editor in charge of scores of California papers as it aims for USA Today chain’s real estate

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 →

Hedge fund Alden attempts takeover of Gannett newspaper chain

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 →

Despite severe cuts, DFM reporters go above and beyond to cover California’s worst wildfire in history

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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