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Articles tagged Alden Global Capital (53)

Lookout doesn’t want its local news sites to be a supplement or alternative to the local daily. They aim to be the news source of record in their communities, outgunning their shrunken newsprint rivals from Day 1.
Wyoming has six “daily” newspapers, but now none of them will actually print a paper seven days a week. It could be the first time a U.S. state will publish no newspapers on Monday mornings…ever.
The hedge fund Chatham Asset Management reeled in its prize, as expected. But now what does it want to do with it?
The vulture fund may be just fine with waiting a bit longer to make its next move to consolidate the local newspaper industry. Meanwhile, newsrooms wait.
A new round of consolidation could kill off half of what were the major U.S. newspaper chains just a few months ago. But the possibility of platform cash is sparking hope.
By selling Berkshire Hathaway’s newspapers to Lee Enterprises, the world’s most successful investor is acknowledging the industry’s downhill slide is not near an end.
After ten years of writing for Nieman Lab, Ken takes a big look back and ahead, defining the state of affairs for the troubled world of journalism.
The news industry’s own Doctor Octopus has stuck its tentacles deep into another newspaper chain — and it’s unlikely to be dislodged anytime soon.