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Alden is undermining a Baltimore philanthropist’s higher bid for Tribune Publishing

Tribune CEO Terry Jimenez was lone voice voting against Alden takeover  By Julie Reynolds Alden Global Capital is aggressively undermining an effort by a Maryland hotel magnate to buy Tribune Publishing and possibly make its papers nonprofit charities, a new… Continue Reading →

Connecticut bill aims to block Hartford Courant’s hedge fund owners from making moves not ‘in the public interest’

A committee of the Connecticut state legislature heard compelling testimony Thursday about the value of The Hartford Courant to the local community and the threat that Alden Global Capital poses to it. “The hedge funds and private equity (newspaper) owners… Continue Reading →

With Tribune chain possibly up for grabs, Pennsylvania lawmakers come out to support local news

By Julie Reynolds Two Pennsylvania lawmakers have made new public statements in support of local journalism and the Allentown Morning Call, a newspaper whose ownership is now up for grabs as a vulture hedge fund’s offer for Tribune Publishing faces… Continue Reading →

Congress finally faces the local news crisis

In a hearing on saving “the free and diverse press,” NewsGuild president urges lawmakers to protect local news and jobs   By Julie Reynolds Summing up the nation’s local news crisis as a combination of unfair siphoning of advertising revenue… Continue Reading →

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 →

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