Alden Proposes Purchase of Tribune Publishing

NY Daily News gets spun off but no reason why is provided.
Daily News spinoff stirs anxiety post Alden takeover

 

Not Tribune-related, but, another one to bite the dust.

 

That's just ... cold.

Seriously, also cruel and unnecessary.

 

The other 76% are morans.

 

Hedge fund oligarchs systematically destroying independent news so they can continue hedge-funding without reporters asking pesky questions.

 

Well then ...

 

Sick 'em.

 

NY Daily News editor-in-chief Robert York out in surprise shakeup

 

“When Alden first started buying newspapers, at the tail end of the Great Recession, the industry responded with cautious optimism. … Reading these stories now has a certain horror-movie quality. You want to somehow warn the unwitting victims of what’s about to happen.”

“A story circulated throughout the company — perhaps apocryphal, though no one could say for sure — that when Freeman was informed that The Denver Post had won a Pulitzer in 2013, his first response was: ‘Does that come with any money?’”

“Alden completed its takeover of the Tribune papers in May. It financed the deal with help from Cerberus — a private equity firm that owned, among other businesses, the security company that trained Saudi operatives who participated in the murder of the journalist Jamal Khashoggi.”

https://www.theAtlantic.com/magazine/archive/2021/11/alden-global-capital-killing-americas-newspapers/620171/

 

I’m guessing Tribune Publishing is quaking in its boots after learning of this attempt at a “job action”:



“We are FED UP, so we are gonna … well … um … well, we are gonna stand in solidarity and DO OUR JOBS!”

 

Just for one day? Sheesh.

They should have been doing that every day for the last 20 years.