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News

Leaked financial report shows jaw-dropping profits for ‘outlaw’ newspaper owner

Hedge fund turns a blind eye to rats and mildew to rake in industry-topping earnings   By Julie Reynolds The hedge fund behind draconian staff cuts at Digital First Media newspapers — including The Denver Post, San Jose Mercury News… Continue Reading →

A CALL TO ACTION for Digital First Media editors and publishers

By Julie Reynolds The rebellion two weeks ago by The Denver Post’s editorial board against the newspaper’s hedge-fund owners spurred a national outcry, including a front-page article in The New York Times and coverage in The Washington Post, Time magazine,… Continue Reading →

The Revolution in Denver

The Denver Post revolts against its hedge fund owner while Alden Global Capital exec expands his East Hampton mansion By Julie Reynolds As the media world rocks and reels this week over the Denver Post’s defiance against its hedge fund… Continue Reading →

In court filing, Hedge fund Alden admits diverting hundreds of millions from newspaper chain

By Julie Reynolds Hedge fund Alden Global Capital admitted in court filings last week that its newspaper holding company has diverted hundreds of millions of dollars from struggling Digital First Media newspapers into Alden-managed investments. The cash siphoning, engineered through… Continue Reading →

VIDEO: Watch what hedge fund Alden Global Capital has done to the Pulitzer-Prize winning Denver Post newsroom

Since this photo was taken in May 2013, The Denver Post newsroom staff has been cut by more than half as Alden Global Capital, the hedge fund that owns the paper, rakes in massive profits. And more layoffs are on… Continue Reading →

Denver Post newsroom slashed by 1/3 as hedge fund continues eviscerating Digital First Media papers

“A legal looting of the public trust.” By Julie Reynolds Nearly a third of the Denver Post’s newsroom will be laid off, management told staff Wednesday as the paper’s hedge fund owners continue slashing jobs to maintain high profit levels…. Continue Reading →

Journalists Demand Owners Put Quality News Before Profits

SIGN THE PETITION DOWNLOAD PRINTABLE POSTERS: 8.5×11 11×17 DOWNLOAD PRINTABLE DFM/ALDEN FACT SHEET Fact Sheet HASHTAG FOR SOCIAL MEDIA SHARING: #AldenExposed Journalists Demand Owners Put Quality News Before Profits  Pacific Media Workers Guild, Local 39521 415-421-6833 guild@mediaworkers.org   JOINT STATEMENT… Continue Reading →

NewsGuild urges Duke University to sever ties with hedge fund president over newspaper pillaging

• SIGN THE PETITION: Tell Duke to cut ties to Alden/Heath Freeman   By Julie Reynolds   The NewsGuild-CWA, which represents workers at 12 Digital First Media newspapers, is urging Duke University to sever its ties to hedge fund president… Continue Reading →

Layoffs, buyouts across DFM newspaper chain follow hedge fund’s profit-extraction strategy

UPDATE: Total buyouts in San Jose this week now stand at 15, at least 9 of whom are NewsGuild-represented, bringing total job losses for the Bay Area News Group this week to at least 27. By Julie Reynolds Recent company-wide… Continue Reading →

The Case for New Owners is Clearer Than Ever

This is not the usual “hard times for newspapers” lament. Alden is cutting news staff at more than twice the national rate. By DFMworkers staff The argument for responsible, local ownership of Digital First Media newspapers grows stronger every day,… Continue Reading →

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