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News

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 →

Everything you need to know about Alden Global Capital and Digital First Media

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A COMPLETE REFERENCE LIST What is Alden Global Capital? Alden Global Capital 101 Hedge funds and newspapers, a simple primer Working under a hedge fund: how billionaires made the crisis at America’s newspapers even worse Tough bargaining: An insider’s view… 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 →

NEW STUDY: Digital First Media leads in profits; news deserts expanding

By Julie Reynolds In the second half of a scathing new study titled “The Expanding News Desert,” the University of North Carolina’s School of Media and Journalism lays bare the devastating effect hedge funds and other investment firms are having… Continue Reading →

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