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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 …
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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 …
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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, …
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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 …
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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 …
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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
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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 …
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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.…
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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,


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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 …
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