By Julie Reynolds
It’s become clear in recent months that Alden Global Capital — an ambulance-chaser of a hedge fund whose self-proclaimed mission is to “invest in distress” — profits from human misery through two kinds …
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By Julie Reynolds
Layoffs and buyouts continue unabated this month as stunned workers, elected officials and local leaders reacted to news that New York hedge fund Alden Global Capital plans to either shut down Digital First Media’s newspapers in the …
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UPDATE: Total buyouts in San Jose this week now stand at 15, at least 9 of whom are NewsGuild-represented, bringing total job losses for the Bay Area News Group this week to at least 27.
By Julie Reynolds
Recent company-wide …
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By Julie Reynolds
Alden Global Capital spent much of last year gutting its newspapers to help finance a global spending spree, taking stakes in …
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By DFMworkers staff
The argument for responsible, local ownership of Digital First Media newspapers grows stronger every day, …
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By Julie Reynolds
“What do all these people do?”
Heath Freeman | by Patrick McMullan, Getty Images
Heath Bradford Freeman, the 37-year-old New York hedge fund president …
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By Thomas Peele
I was back to work that second Monday in April after a week off, aware of the day and tense about it, almost queasy.
Thomas Peele
After we’d won …
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Read Part 1 here.
By Julie Reynolds
While Randall Smith and his close relatives were investing in Western U.S. real estate, hotels and oil fields, Smith was also busy expanding his offshore …
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Read Part 2 here.
Part 1 The Birth of an Empire
By Julie Reynolds
Randall D. Smith is many things, but he’s not a man who’s ever showed an …
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By Julie Reynolds
Alden Global Capital, the hedge fund behind the wholesale pillaging of one of America’s largest newspaper chains, specializes in troubled industries.
At times, investing in businesses on the brink has been a losing bet for Alden, …
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