AP Photo/Manuel Balce Ceneta
Alden Global Capital is a hedge fund based in New York that specializes in taking over troubled newspapers and making them profitable. If you listen to journalists and advocates for the media, they are “vulture capitalists” who prey upon vulnerable newspaper properties and want to “destroy local journalism.”
Indeed, reporters and other newsroom staffers fear an Alden takeover of their newspaper because the hedge fund has the temerity to want to make money off their investment and usually start clearing out the newsrooms of driftwood and dead weight. This is sacrilege, according to journalism types, because “You can’t fire me. I’m a journalist!”
Who owns Alden Global Capital? Hedge fund known for cost-cutting to take over Tribune Publishing in $630m deal
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Tribune Employees Outraged Over Alden Global Capital Acquisition
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News Guild protests takeovers by Alden hedge fund ‘the destroyer of newspapers’ May 19, 2021 9:58 AM CDT By Mark Gruenberg
Scenes from the Save Our Courant rally in Hartford, Conn., one of several actions organized by the New Guild. | Right photo: Tom Connolly / Left photos: Win Heimer
CHICAGO (PAI) Mass rallies organized by the News Guild in Chicago, Orlando, Virginia Beach, Annapolis, Md., and Hartford, Conn., demanded the Tribune Company’s board reject a $630 million takeover by vulture hedge fund Alden Global Capital.
UCM Digital Health Adds Healthcare and Technology Executive John Kelleher to Leadership Team
Recent increase in telehealth presents UCM with opportunity to further expand and deepen partnerships with health plans and employer groups
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TROY, N.Y., May 13, 2021 /PRNewswire/ UCM Digital Health (UCM), a leading provider of emergency telemedicine and virtual care solutions, announces the addition of healthcare and technology executive John Kelleher to its leadership team. Kelleher will serve as Head of Customer Success, working with all clients across customer segments to ensure optimal use and consumption of UCM products and services.