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 →
STAND UP TO THE WALL STREET HEDGE FUND STRIP MINING 100+ NEWSPAPERS NATIONWIDE | Join more than 11,000 others demanding transparency from Alden Global Capital, the secretive owner decimating Digital First Media newspapers: “The public has a right to know… Continue Reading →
Move cements Alden’s bid for a Trib merger or takeover come July NOTE: This story has been updated to include The NewsGuild’s response and reported comments from shareholder Mason Slaine. By Julie Reynolds Two directors chosen by hedge fund Alden… Continue Reading →
Media, gambling and travel are the big investments, even as layoffs and furloughs hit Alden’s newspapers across the country By Julie Reynolds While the rest of the country tightened its belts in the face of the global pandemic, Alden… Continue Reading →
Effort aims to unseat two Alden-allied board members at Tribune’s annual meeting By Julie Reynolds READ The NewsGuild’s letter here Saying it is “alarmed and concerned,” The NewsGuild has launched a proxy campaign to Tribune Publishing shareholders that raises questions… Continue Reading →
Reply critiques “distortions, misrepresentations, and patently false claims” READ the Guild’s letter to Senators Duckworth and Durbin here By Julie Reynolds In late March, Heath Freeman, whose hedge fund Alden Global Capital owns the country’s third-largest newspaper chain and is… Continue Reading →
By Julie Reynolds Heath Freeman has come out of hibernation. The co-founder of vulture hedge fund Alden Global Capital hasn’t spoken to the media in years. He never, ever returns journalists’ calls. When he’s been close to being deposed in… Continue Reading →
The author visiting Heath Freeman’s Montauk manse before a security fence was installed. By Evan Brandt POTTSTOWN, PENNSYLVANIA — It should come as no surprise to any regular readers of this blog that, like other local businesses, local news is… Continue Reading →
UPDATES: April 10: A source tells DFMworkers that the Reading Eagle, which Alden’s Heath Freeman claims to have “saved,” has laid off 19 people. Ten were from the newsroom. Nine additional layoffs were in other departments, no details yet. April… Continue Reading →
Local news reporters perform heroic service in the face of coronavirus By Julie Reynolds Despite near-daily attacks from the president, years of extreme budget cuts by their companies’ hedge fund owners, and the risks they face reporting daily on the… Continue Reading →
Taking a deep dive into global finance, private equity and a coming recession with Nicholas Shaxson, author of The Finance Curse RELATED STORY: The Op-Prop Chop Shop: How hedge funds like Alden extract wealth from companies they ‘invest’ in… Continue Reading →
The Courant’s current offices | Sage Ross, Creative Commons License We need to encourage Alden to put up or shut up By Susan Campbell Dear Hartford Courant reader, Your roof is on fire. The signs have been there, but you… Continue Reading →
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