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Tribune board agrees to sell company to Alden

Deal includes selling The Baltimore Sun and several other papers to a nonprofit foundation Sale must be approved by 2/3 of remaining shareholders   By Julie Reynolds Alden Global Capital, the New York hedge fund known for draconian cost-cutting at… Continue Reading →

Union asks Treasury Secretary Yellen to investigate Alden’s secretive offshore ownership of news chains

Request comes as Alden is poised to acquire Tribune Publishing By Julie Reynolds As New York vulture fund Alden Global Capital takes steps to take majority control of Tribune Publishing, The NewsGuild-CWA has requested a federal inquiry into Alden’s secretive… Continue Reading →

Alden’s Randall Smith needs to apologize for supporting Trump

By Jon Schleuss Earlier today, I wrote to Randall D. Smith, a Tribune director and the principal of Alden Global Capital,  urging him to condemn the recent assault on the U.S. Capitol by the supporters of President Donald J. Trump. I… Continue Reading →

Citing “gross violations and corporate malfeasance,” NewsGuild-CWA demands removal of Alden-connected members from Tribune Publishing board

By Julie Reynolds Union members at the Chicago Tribune on Tuesday asked for the immediate removal of three Tribune Publishing board members associated with the hedge fund Alden Global Capital, saying the three committed “gross violations of their fiduciary responsibilities.”… Continue Reading →

Alden Makes Its New Year’s Move on Tribune

By Julie Reynolds The hedge fund Alden Global Capital — reviled as the “destroyer of newspapers” — has taken a decisive step toward acquiring Tribune Publishing in the New Year and turning the publicly traded newspaper chain into a private… Continue Reading →

Another newsroom — this time at the nation’s oldest paper — is closing under Alden’s watch

By Julie Reynolds Workers at the 256-year-old Hartford Courant learned Friday that their beloved Broad Street newsroom and offices, occupied for more than seven decades, will soon be closing. “This is outrageous. Just another reason why our current economic order,… Continue Reading →

Northern Colorado newspaper moves to unionize

By Julie Reynolds Less than 12 hours after workers at the Loveland Reporter-Herald in Northern Colorado officially launched a union certification campaign, the paper’s publisher announced “they are suspending the pay cuts and furloughs that were introduced earlier this year,… Continue Reading →

A year under Alden’s grip, how is Tribune faring?

By Julie Reynolds One year ago, the vulture hedge fund Alden Global Capital bought nearly a third of the stock in Tribune Publishing, one of the nation’s most venerable newspaper chains, owner of the Chicago Tribune, Baltimore Sun, Orlando Sun-Sentinel,… Continue Reading →

A new low for Tribune

Union demands answers after company apologizes for “misleading and insensitive” email that offered fake bonuses amid pandemic furloughs, newsroom shutdowns and pay cuts By Julie Reynolds A test to see whether Tribune Publishing employees would fall for an email “phishing”… Continue Reading →

Three Pennsylvania lawmakers implore Tribune to keep Allentown Morning Call offices open

By Julie Reynolds Three Pennsylvania elected officials are making the case for saving the Allentown Morning Call newspaper’s downtown offices. In a two-page letter sent to Tribune Publishing’s president and CEO Terry Jimenez, state Sen. Patrick Browne, state Rep. Peter… Continue Reading →

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