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Duke University’s media center takes a well-researched look at local news decline. But will it tackle a major funder’s role in exacerbating the problem?   By Julie Reynolds A recent report on the state of local news, published by Duke… Continue Reading →

NEW STUDY: Digital First Media leads in profits; news deserts expanding

By Julie Reynolds In the second half of a scathing new study titled “The Expanding News Desert,” the University of North Carolina’s School of Media and Journalism lays bare the devastating effect hedge funds and other investment firms are having… Continue Reading →


Alden and former Digital First Media execs prosper despite lawsuits and bad investments By Julie Reynolds BREAKING: Just as this story posted, Fred’s Pharmacies filed a Worker Adjustment and Retraining Notification to announce that 80 employees will be permanently laid off… Continue Reading →


First it sold off all its newspapers’ buildings. Now, by closing rented offices and making reporters work from home and coffee shops, Digital First Media takes extreme cost-cutting to a new level.   By Julie Reynolds When the Longmont, Colorado,… Continue Reading →

Plateaus, dividends and Band-Aids

Breaking down DFM execs’ claims, one at a time   By Julie Reynolds Digital First Media needs to pillage its newspapers in order to make them better — that’s the essence of the business strategy described by DFM president Joe… Continue Reading →

New Video – DFM Workers Fight to Save Local News

Showtime in Denver: an annotated transcript

DFM’s COO Guy Gilmore and president Joseph Fuchs attempt to justify Alden Global Capital’s business practices to Denver Post staff Here’s a transcript of the meeting between Digital First Media management and employees at the Denver Post on June 19…. Continue Reading →

Who Profits From Alden Global Capital? You’d be surprised.

By Julie Reynolds As a reporter who’s covered Alden Global Capital for more than two years, people often ask me who are the investors behind the hedge fund that owns one of America’s largest newspaper chains? They want to know… Continue Reading →

Is Alden Global Capital on shaky financial ground?

Losses at Fred’s pharmacy chain could mean trouble By Julie Reynolds   Class action litigators are sniffing around Alden Global Capital’s investment practices, signaling potential new trouble for the secretive New York hedge fund as it pillages newspapers to prop… Continue Reading →

SAVING LOCAL NEWS: a reporter takes his message straight to hedge fund president Heath Freeman

Brandt in front of Freeman’s Montauk home. | Photo by Lorraine Dusky By Evan Brandt There is a scene I love at the end of the 1972 Robert Redford film “The Candidate.” Redford’s character, the naive political novice Bill McKay,… Continue Reading →

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