Orlando Sentinel journalists and members of the community gathered at Lake Eola Park Saturday to demand that Tribune Publishing shareholders vote no on selling to Alden Global Capital. Photo by Alejandra Espinosa.
Orlando Sentinel journalists and members of the community gathered at Lake Eola Park Saturday to demand that Tribune Publishing shareholders vote no on selling to Alden Global Capital.
Tribune owns important news outlets in Orlando and around the country including the Orlando Sentinel and the Sun Sentinel.
Advertisement
Private investment firm Alden Global Capital a hedge fund based in Manhattan, New York has cut staff at its Media News Group by 76%, according to an article by The Wall Street Journal.
Orlando Sentinel reporters, alumni and readers turned out Saturday to protest Alden Global Capital’s $631 million offer for the newspaper giant, Tribune Publishing, which owns the Orlando paper, the Chicago Tribune, South Florida's Sun-Sentinel and six other dailies.
Other unions under the newspapers’ parent company, Tribune Publishing, will also be holding their own rallies today.
Advertisement
The rallies come in the final days before Tribune shareholders are scheduled to vote on May 21 on Alden Global Capital’s bid for Tribune newspapers.
The company will be voting on a buyout bid from the hedge fund Alden Global Capital.
According to a Facebook post by the Sentinel Guild, “Alden is a hedge fund known for destroying newspapers. It guts newsrooms and shrinks staff to maximize its profits.”
The Orlando Guild rally is taking place at Lake Eola Park at 10:00 a.m. and features current Orlando Sentinel journalists and State Representatives.
4 hours ago by Danielle Prieur (WMFE)
Play Audio
Photo: Roman Kraft
Stay tuned in to our local news coverage: Listen to 90.7 WMFE on your FM or HD radio, the WMFE mobile app or your smart speaker say “Alexa, play NPR” and you’ll be connected.
The Orlando Sentinel Guild is calling on Tribune shareholders to vote no on Alden Global Capital’s bid for the paper at a Lake Eola rally on Saturday.
Join us in our effort to save the @orlandosentinel!
If you’re in Central Florida, please join us at Lake Eola this Saturday at 10 a.m. to demand Tribune shareholders reject Alden Global Capital’s bid and save local news.https://t.co/2DCqCRbCoIpic.twitter.com/NA7c8DxnVp
Two Florida businessmen interested in buying Orlando Sentinel to prevent sale to Alden hedge fund orlandosentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orlandosentinel.com Daily Mail and Mail on Sunday newspapers.