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Alden Global’s Desperate Crackdown

Hedge fund attempts to censor its newspapers’ own criticism as outrage, rebellion grow By Julie Reynolds New York-based hedge fund Alden Global Capital is bearing down on editors as it attempts to censor criticism of its management of the Digital… Continue Reading →

THE ‘GHOST NEWSPAPERS’ ARE HERE

Shuttering papers and turning them into weekly inserts is accelerating the rise of news deserts, researcher says Glimmers of hope as some hedge fund owners get out of the news business  By Julie Reynolds  It was probably Penelope Muse Abernathy… Continue Reading →

News workers across US support Pulitzer winners speaking up for quality journalism

News workers from across the country stood up Thursday in support of Pulitzer-winning DFM reporters. Members of the Bay Area News Group newsroom staff, winners of the 2017 Pulitzer Prize for breaking news coverage of the deadly Ghost Ship Fire,… Continue Reading →

Hedge fund Alden siphoned 100s of millions from newspapers in scheme to gamble on other investments, suit says

Updated version DOWNLOAD THE COMPLAINT: Solus MNG Suit By Julie Reynolds New York hedge fund Alden Global Capital siphoned hundreds of millions of dollars from one of America’s largest news chains, a new lawsuit charges, damaging local news organizations to… Continue Reading →

Another form of misery: Alden’s slumlord investment in Mexico

EXTRA: A Homex-Alden Timeline By Julie Reynolds It’s become clear in recent months that Alden Global Capital — an ambulance-chaser of a hedge fund whose self-proclaimed mission is to “invest in distress” — profits from human misery through two kinds… Continue Reading →

Stunned communities respond as hedge fund accelerates newspaper staff cuts

By Julie Reynolds Layoffs and buyouts continue unabated this month as stunned workers, elected officials and local leaders reacted to news that New York hedge fund Alden Global Capital plans to either shut down Digital First Media’s newspapers in the… Continue Reading →

Untangling the web of Alden’s dubious deals

For Alden Global Capital, 2017 was a year of questionable investments in Russia, Brazil and Angola By Julie Reynolds Alden Global Capital spent much of last year gutting its newspapers to help finance a global spending spree, taking stakes in… Continue Reading →

Island hopping with Alden Global Capital

  Why does the New York owner of one of America’s largest newspaper chains base its investments in offshore tax havens? Part of an ongoing series on Alden Global Capital and Digital First Media. You can join our #NewsMatters campaign with one click.

Lower pay in a ‘bubbling pressure cooker’

  Life and hard times in a Michigan advertising department Part of an ongoing series about working conditions at Digital First Media newspapers

First #NewsMatters Day sends a strong message: stop the cuts!

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