Results for Alden Global

Add to feed Create your own feed

Latest

Hundreds of @Tribune  employees are protesting Alden Global Capital’s sudden interest in their newspapers via @NiemanLab 

Hundreds of Tribune employees are protesting Alden Global Capital’s sudden interest in their newspapers

Hundreds of Tribune employees are protesting Alden Global Capital’s sudden interest in their newspapers. “We are animated by a serious concern for the future of journalism as a public good and a valuable commodity”. By @jbenton 

Hundreds of Tribune employees are protesting Alden Global Capital's sudden interest in their newspapers @jbenton  - @NiemanLab )

Hundreds of Tribune employees are protesting Alden Global Capital’s sudden interest in their newspapers via @NiemanLab 

New from me: Hundreds of Tribune employees are protesting Alden Global Capital’s sudden interest in their newspapers (includes a brief invitation for discussion on whether Alden is more like Thanos, Anton Chigurh, or Sauron)

JUST IN: Buyer of Serena’s broken racket from the 2018 US Open Final, which was sold by @GoldinAuctions  for $20K, was purchased by @TheHeathFreeman  of Alden Global. Freeman owns Christian Laettner’s game-used jersey from the famous foul line heave in the Tourney game vs Kentucky

"What as recently as three weeks ago were five big chains — Gannett, GateHouse, McClatchy, Tribune, and Alden Global Capital’s MNG Enterprises — could well, by the middle of 2020, be two." @kdoctor  explains how and why these chains could consolidate.

The date to circle on your calendar is June 30, 2020. That's when two big things occur. @DrPatSoonShiong  and Alden Global Capital will both be free to buy or sell their @tronc  holdings.

Loading
Loading

Most relevant

After years of reading about Alden Global Capital decimating newspapers, now getting company email saying Alden has acquired a 25 percent stake in Tribune Publishing

Alden Global Capital is a hedge fund known for destroying local newspapers. They're bidding to acquire Gannett, which publishes 200+ papers in New York & nationwide. Liquidating these papers would be an incalculable loss, a threat to a free press & jobs.

Right now, Alden Global Capital is trying to take over Gannett newspapers. AGC has a history of buying local papers, then dismantling them by firing reporters & selling company assets. That's bad for newspaper workers and retirees, for communities, for the public & for democracy.

"I think real estate is the first thing they look at." Alden Global Capital has backed the purchase of over 100 newspapers. Its strategy? Buy newspapers, slash jobs, sell the buildings.

Oh my god. Internal numbers from Alden Global Capital: Its newspaper company — which is firing journalists en masse from a newsroom near you — has a profit margin of 17%. Seventeen percent! It made $160 million in profits last year.

Journalists protesting hedge-fund ownership of newspapers at HQ of Alden Global hedge fund in midtown NYC right now

tweet picture

The journalists of the Denver Post have gone in open revolt against their hedge-fund owner, asking for the paper to be sold before Alden Global Capital kills it.

Wow. I count at least six pieces in the Denver Post's opinion pages protesting their hedge-fund owner, Alden Global Capital.

tweet picture

This is what brave looks like: editorial blasts its owner, Alden Global, for pillaging the paper. "We've been quiet too long." via

Loading
Loading