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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 →

Rep. Susan Wild joins officials calling out Alden for “choosing a path of profiteering” by gutting newsrooms

U.S. Rep. Susan Wild By Julia Reynolds Adding her name to a growing list of elected officials, U.S. Rep. Susan Wild (D-PA) issued a joint statement Friday with Sen. Bob Casey supporting local news workers at the Allentown Morning Call…. Continue Reading →

Company documents show hedge fund Alden is overhauling its newspaper strategy after pandemic brings surprise windfall

With plans to own more shares of Tribune by January, hedge fund says the relationship between two chains is “deepening” By Julie Reynolds In an abrupt strategy change, hedge fund Alden Global Capital appears committed to staying in the news… Continue Reading →

Bob Casey issues statement in support of Allentown Morning Call news workers

Senator calls out hedge fund newspaper owners By Julie Reynolds Pennsylvania Sen. Bob Casey has issued a statement decrying the recent shuttering of the Allentown Morning Call’s offices and newsroom, saying hedge fund owners “have no place” in local newsrooms…. Continue Reading →

In Lehigh County, Pennsylvania, an elected official calls on hedge fund Alden to stop slashing jobs at its local newspaper

By Julie Reynolds A county commissioner in Lehigh County, Pennsylvania, on Wednesday joined a growing list of elected officials around the country by publicly calling on New York hedge fund Alden Global Capital to halt layoffs and extreme cost-cutting at… Continue Reading →

Hartford among growing rank of cities demanding answers from Alden Global Capital, “destroyer of newspapers”

UPDATE: On Sept. 14, the Hartford City Council unanimously approved Rossetti’s resolution. Ben Florsheim, the mayor of nearby Middletown, told council members that Alden Global Capital “sounds like a villainous company from a Disney movie,” according to the Hartford Courant…. Continue Reading →

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