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Articles tagged Alden Global Capital (35)

Alden’s offer to buy Gannett looks less and less credible. But can Tribune and Gannett suss out the merger that might be necessary to stop it?
In an industry where expense reduction is the prime strategy, much more consolidation is likely on the way. Little regulation prevents it, and the financials all favor it.
Could the moves presage the major rollup that’s been increasingly talked about in America’s now-in-play, ever-struggling daily newspaper industry?
America’s most hated newspaper company wants to bring its special brand of cost-cutting and newsroom-gutting to about 100 more cities.
“Content is our number-one priority,” Reed said. But he’s unwilling to publicly commit to any new level of funding or staffing to meet that goal.
Former Denver Post owner Dean Singleton is upset that the paper he built “has been totally gutted of news coverage…It is breaking my heart.” Meanwhile, the current owners plan still another round of cuts — and consider killing editorial pages entirely.
Digital First Media’s financials — revealed here — show how the company has ridden its deep cuts to nearly $160 million in profits and the highest margins in the business.
This is a golden age of American protest. It’s time to stand up and fight the vulture owners hollowing out local news.
Even without the L.A. Times, it still controls a lot of important newspapers. Will it sell them to Gannett, Murdoch, local individuals in each city — or to yet another private equity firm looking to strip papers for parts?