Under new owner Alden Global Capital, there’s no plan for the future. There’s just revenue extraction for as long as a generation of older newspaper subscribers live to keep paying their bills.
Newsletter signups went up 60% following the news startup’s wall-to-wall coverage of the Marshall Fire. “We will not survive if we’re not meeting the information needs of our community. It’s not a side project we have. It’s just who we are.”
This time it’s Lee Enterprises in the cross-hairs. Adding it to its empire would leave two American local newspaper giants — Gannett and Alden — and everyone else far behind.
Cerberus Capital Management is entrenched in the military industrial complex and its company trained a journalist’s assassins. It also made possible the takeover of Tribune Publishing.
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.
Benton, Joshua. "A rival bid might actually keep Tribune out of Alden Global Capital’s hands — and Alden might be just fine with that." Nieman Journalism Lab. Nieman Foundation for Journalism at Harvard, 5 Apr. 2021. Web. 25 Apr. 2024.
APA
Benton, J. (2021, Apr. 5). A rival bid might actually keep Tribune out of Alden Global Capital’s hands — and Alden might be just fine with that. Nieman Journalism Lab. Retrieved April 25, 2024, from https://www.niemanlab.org/2021/04/a-rival-bid-might-actually-keep-tribune-out-of-alden-global-capitals-hands-and-alden-might-be-just-fine-with-that/
Chicago
Benton, Joshua. "A rival bid might actually keep Tribune out of Alden Global Capital’s hands — and Alden might be just fine with that." Nieman Journalism Lab. Last modified April 5, 2021. Accessed April 25, 2024. https://www.niemanlab.org/2021/04/a-rival-bid-might-actually-keep-tribune-out-of-alden-global-capitals-hands-and-alden-might-be-just-fine-with-that/.
Wikipedia
{{cite web
| url = https://www.niemanlab.org/2021/04/a-rival-bid-might-actually-keep-tribune-out-of-alden-global-capitals-hands-and-alden-might-be-just-fine-with-that/
| title = A rival bid might actually keep Tribune out of Alden Global Capital’s hands — and Alden might be just fine with that
| last = Benton
| first = Joshua
| work = [[Nieman Journalism Lab]]
| date = 5 April 2021
| accessdate = 25 April 2024
| ref = {{harvid|Benton|2021}}
}}
