Randall Smith, cofounder of the hedge fund Alden Global Capital, is infamous for two things: gutting local newspapers and a voracious acquisition of pricey real estate. Although he recently sold …
DetailsAlden Global Capital has a reputation for gutting newspapers to generate short-term profits for shareholders. McKay Coppins, a staff writer at The Atlantic, dove deep into the history of Alden and what its ownership could spell for the future of the Tribune in "A Secretive Hedge Fund That Is Gutting Newsrooms" that appears in its latest issue. ...
DetailsAlden Global Capital stayed on as an owner. Alden owns two chains, MediaNews Group and Tribune, which spiraled after its 2008 bankruptcy after just a year of ownership from private equity ...
DetailsThe $630 million bid by that hedge fund, Alden Global Capital, has drawn opposition from Tribune journalists at papers including the Chicago Tribune, the Baltimore Sun, the Hartford Courant and ...
DetailsAlden Global Capital, LLC ("Alden") is a significant investor in American newspapers, with platforms including MediaNews Group, Inc. and Tribune Publishing Company (collectively referred to as ...
DetailsFeb. 16, 2021 8:04 PM PT. Chicago-based Tribune Publishing on Tuesday announced a proposed sale to hedge fund Alden Global Capital in a deal valued at $630 million. Already the largest shareholder ...
DetailsWell, Alden Global Capital is a privately run hedge fund based here in New York City. They're very tight-lipped. But they actually own already more than, call it 100 daily newspapers, more than ...
DetailsAlden Global Capital, a hedge fund known for gutting local newsrooms, is seeking to buy Lee Enterprises (LEE), a publicly traded company with a chain of daily newspapers and …
DetailsHedge Fund Alden Global Sees Victory With Tribune Media Sale The Tribune newspapers were sold to a hedge fund intent on doubling profit margins. But Alden Global Capital's victory is an indictment ...
DetailsAlden Global Capital's track record has already shown that it is perfectly willing to destroy one of America's most storied papers for a quick buck. It's a shame no civic-minded, wealthy ...
DetailsMediaNews Group's parent company is Alden Global Capital, a New York hedge fund that has been buying up newspapers across the country and faced criticism for slashing budgets and cutting jobs. A majority of Times-Shamrock's shareholders approved the sale, but some members of the family that controls the company and published the …
DetailsAlden Global Capital's purchase of four local papers highlights the need for new policies and more options. By: Steven Waldman. September 1, 2023. In announcing the sale of its Pennsylvania ...
DetailsAlden Global Capital's $635 million acquisition of Tribune Publishing TPCO 0.0% .will probably survive a last-ditch effort by the NewsGuild to derail it. The union has held public forums to ...
DetailsHeatmaps of the top 13f holdings and a list of the largest trades made by Alden Global Capital, the hedge fund managed by Randall Smith.
DetailsAlden 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 …
DetailsMr. Smith, who grew up in Baltimore, bought Baltimore Sun Media, which includes The Sun, in a private deal from Alden Global Capital, an investment firm that has become the country's second ...
DetailsThe 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 ...
DetailsHedge fund Alden, which already owns one-third of Tribune, will take full control of the Chicago Tribune, Baltimore Sun and other papers in a $630 million deal. The …
DetailsDue in part to Alden's gut job, the leaner Pioneer Press produced a $10 million 2017 profit at a 13% margin, industry analyst Ken Doctor wrote via Nieman Jouralism Lab. That prompted Doctor to posit: "Alden Global Capital is making so much money wrecking local journalism it might not want to stop anytime soon.".
DetailsBut Mr. Brandt realizes that the Alden Global Capital goliath is concerned about its investors, not the desires of some $46,342-a-year newspaper reporter with a son in college and a wife with ...
DetailsTribune Publishing, publisher of the Chicago Tribune and other major newspapers, has agreed to be acquired by Alden Global Capital in a deal valued at $630 million.Announced Tuesday after the ...
DetailsScott 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.
DetailsTenants at both parks send their rent checks to a post office box in Englewood, New Jersey, that is associated with Smith Management, the parent company and deeply intertwined affiliate of Alden Global Capital, a hedge fund famously described by Bloomberg's Joe Nocera as the "destroyer of newspapers."
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DetailsHeath Freeman, president of Alden Global Capital, is known for pushing big cost reductions, which he says help to save newspapers. Heath Freeman in an undated photo provided by Goldin Solutions ...
DetailsThe hedge fund Alden Global Capital has been acquiring scores of U.S. newspapers across the country — then gutting newsrooms and selling off assets.
DetailsSoon-Shiong owns 23.7% of Tribune Publishing and stands to collect about $150 million in the sale of the company to Alden Global Capital. Chicago Tribune historical photo The Tribune used this ...
DetailsNovember 22, 2021. Alden Capital continued its drive to own as much of the American newspaper industry as it can with a bid Monday to acquire Lee Enterprises, a publicly traded chain of 75 daily ...
DetailsYou might have heard of Alden Global Capital's purchase and evisceration of several American newspapers. Now, the New York hedge fund has added mobile home parks to …
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