Letter highlights offshore investors “shrouded in secrecy” as more lawmakers decry Alden’s impact on local news By Julie Reynolds Senate Minority Leader Chuck Schumer (D-NY) is demanding information from Alden Global Capital President Heath Freeman and calling out the hedge… Continue Reading →

An interview with Nicholas Shaxson, author of The Finance Curse By Julie Reynolds Nicholas Shaxson has spent a career looking into highly secretive companies. He is, after all, the author of a respected book on offshore tax havens (Treasure Islands,… Continue Reading →

Photo of Chicago City Council chambers by Daniel X. O’Neil | Used under Creative Commons license By Julie Reynolds Declaring that “local news is vital to communities,” a Chicago Alderman has introduced a resolution calling on executives from hedge fund… Continue Reading →

Job losses follow vulture fund Alden’s acquisition of Tribune Publishing shares and board seats Newsroom cuts of 10 to 17 percent across the chain By Julie Reynolds Scores of news workers are leaving their papers after Tribune Publishing offered buyouts… Continue Reading →

UPDATE: Read the purchase announcement here. By Deena Winter MNG Enterprises is buying a family-owned Minnesota newspaper company called Big Fish Works that owns 11 Minnesota newspapers, most of them weeklies, including eight in the western suburbs of Minneapolis. MNG… Continue Reading →

Hedge fund founder Randall Smith and his wife gave $100,000 to the president’s 2020 joint fundraising committee By Julie Reynolds On a sweltering July afternoon last year, Sen. Elizabeth Warren unveiled proposed legislation aimed at making hedge funds and private… Continue Reading →

Pottstown Mercury files included Social Security numbers, home addresses and other private data By Julie Reynolds Employees’ personnel records and private data were left behind and exposed when executives of MediaNews Group (formerly called Digital First Media) hastily abandoned the… Continue Reading →

Cash from understaffed DFM papers was used to finance stock purchase   By Julie Reynolds Alden Global Capital, the New York vulture hedge fund gutting Digital First Media newspapers, has acquired a $9.2 million stake in one of its rivals,… Continue Reading →

| Adobe Stock photo Investigative reporters’ New York Times op-ed calls for new owners at The Chicago Tribune   By Julie Reynolds Two senior members of the Chicago Tribune’s investigative reporting team have taken a bold step in the escalating… Continue Reading →