The 104-year-old tabloid was scooped up by notorious vulture hedge fund Alden Global Capital, which owns more than 200 newspapers, as part of a $633 million acquisition of Tribune Publishing in May 2021. Under Alden's thumb, Daily News workers have "quit in droves" — while new policies require the skeleton staff to get pre-approved …
Alden Global Capital is a hedge fund company based in New York, NY. They operate 8 private funds and have approximately $2.12 billion in total assets under management (AUM). You can view more information on Alden Global Capital including private fund info, contact info, top management and executives, website, email addresses, and more below:
17 Jun, 2016, 06:00 ET. WASHINGTON, June 17, 2016 /PRNewswire/ -- Digital First Media workers and advocates for responsible and quality journalism are launching a campaign to demand investor ...
Scott Simon speaks to journalist Julie Reynolds about hedge fund Alden Global Capital's purchase of several mobile home parks and its eviction of many of their low-income residents.
Smith said Monday that he acquired Baltimore Sun Media on Friday from investment firm Alden Global Capital, marking the first time in nearly four decades that The Sun will be in the hands of a local owner. Smith decided to personally buy the newspaper, along with the Capital Gazette papers in Annapolis, Carroll County Times, Towson Times …
Alden Global Capital, a hedge fund located in Manhattan, New York City, was established in 2007 by Randall D. Smith. As of mid-2020, Alden Global Capital held stakes in approximately two hundred ...
Alden Global Capital, co-founded by Randall Smith and Heath Freeman, is known for aggressive cost-cutting. In addition to the Chicago Tribune, Alden owns the Denver Post, New York Daily News ...
Alden, a New York City–based firm that has become the grim reaper of American newspapers, had recently increased its stake in Tribune Publishing to 32%—making it the largest shareholder of the ...
Alden Global Capital, a prominent hedge fund that controls more than 100 local newspapers, moved nearly $250 million of employee pension savings into its own accounts in recent years, an unusual ...
Mike Gartland, a city hall reporter and Daily News union steward, targeted owner Alden Global Capital with a reference to one of the paper's most famous headlines, Ford to City: Drop Dead, a ...
Freeman, managing director of New York-based Alden Global Capital, picked up a waterfront mansion in Camp Biscayne, a gated Coconut Grove community, for $19 million, records show. Freeman financed ...
Hedge fund Alden Global Capital will acquire the rest of what it does not already own of Tribune Publishing (TPCO), owner of the Chicago Tribune, the New York Daily News and other local newspapers ...
November 22, 2021 10:25 AM Eastern Standard Time. WEST PALM BEACH, Fla.-- ( BUSINESS WIRE )--Alden Global Capital, LLC today sent the following letter to the …
Alden Global Capital is based out of Brandon. Alden Global Capital is a hedge fund with 3 clients and discretionary assets under management (AUM) of $764,764,000 (Form ADV from ). Their last reported 13F filing for Q3 2023 included $147,015,608 in managed 13F securities and a top 10 holdings concentration of 81.81%.
But he says the worst culprit is the hedge fund Alden Global Capital, which bought the Mercury in 2011 and has since sold the paper's building and slashed newsroom staff by about 70%.
Employer Identification Number 80-0779926. ALDEN GLOBAL CAPITAL, LLC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS. Company Name: ALDEN GLOBAL CAPITAL, LLC. Employer identification number (EIN): 80-0779926. EIN Issuing Authority.
The change will be announced in an editorial set to run in Alden Global Capital's more than 200 papers as early as Friday. Alden Global Capital, which owns about 200 U.S. newspapers, has told ...
AlpenGlobal Capital is an investment firm with a team of unique skillsets and deep financial industry expertise. Founded with the ethos of applying these skills and sharing this knowledge beyond the ultra-wealthy, we …
The Daily News union says their walkout is in protest of cost-cutting moves by owners Alden Global Capital, an investment firm that purchased the storied paper in 2021. The union formed in 2021 ...
The Alden Global Capital Crazy Wall Posted on June 25, 2019 July 12, 2019 Author Sally Davidow Categories Alden, DFM, Digital First Media, Featured, News Tags Alden, DFM, Digital First Media. In which we map Alden's layers of shell companies to try to figure out who owns your hometown newspaper.
Hedge fund Alden Global Capital will acquire the rest of what it does not already own of Tribune Publishing (TPCO), owner of the Chicago Tribune, the New York …
The hedge fund Alden Global Capital is poised to acquire full control of Tribune Publishing. It already owns nearly 200 papers around the country. Those who …
While there is no singular cause for said fall, one name stands out as a key accomplice in the death of local news: Alden Global Capital. The decline of local news is not just some old tradition in decline. Since 2004, 2,000 American newspapers have gone out of business, making local news a struggling industry despite its incredible importance ...
The New York-based hedge fund Alden Global Capital – known for slashing its newspapers' budgets to extract escalated profits – won shareholder approval Friday …
Daily News reporters staged a one-day walkout on January 25 in a pay dispute over the cancelling of over time pay. The 105-year-old tabloid was sold in 2021 to Alden Global Capital, a hedge fund that is notorious for slashing costs. In its heyday, the paper was the largest circulated paper in America. Today it in 21st place. Daily News ...
The Daily News union says their walkout is in protest of cost-cutting moves by owners Alden Global Capital, an investment firm that purchased the storied paper in 2021. The union formed in 2021 ...
July 10, 2023 3:58 PM PT. Los Angeles billionaire Dr. Patrick Soon-Shiong has sold The San Diego Union-Tribune to an affiliate of the MediaNews Group for an undisclosed amount, it was announced on ...