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The unionization push at the chain of papers known as the Southern California News Group includes marquee publications like the Orange County Register, Los Angeles Daily News, Daily Breeze and the Riverside Press-Enterprise. Together, they reach millions of monthly readers and over 450,000 Sunday print subscribers, according to a statement from the union organizers.
Organizers at the newly formed SCNG Guild said that the push to unionize comes in response to continued budget and staffing cuts by the chain’s parent company, Alden Global Capital’s MediaNews Group.
Alden, a New York-based hedge fund, has gained a reputation for making deep cuts to newsrooms it acquires as it squeezes more profits from them. Doug Arthur, an analyst at Huber Research specializing in media and internet stocks, described Alden in the Washington Post as the “ultimate cash flow mercenary” that seeks cash flow to “bleed to death.”
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