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“We are just focused on being where readers are”: Pan-African weekly The Continent publishes directly on WhatsApp and Signal
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Articles tagged Alden Global Capital (58)

Tribune board members acted in their own interests, not their newspaper chain’s, while Alden failed to disclose a secret investor meeting and misrepresented its cash position.
And, as usual for this glum moment in media, it’s a private equity firm that wants a crack at finding new places to cut.
Win or lose, the hedge fund comes out richer.
Instead of taking 30% of new subscribers’ payments, it’ll take 15%. The money’s welcome, but it’s also a reminder of how little control publishers have over the terms they get from tech giants.
“I just determined that I would rather do anything else in life than to dismantle a proud newsroom and lay off my friends and colleagues and eventually be laid off myself.”
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.