by jpitney | Jul 11, 2023 | California Politics, Journalism, Journalists
Alden, the infamous chop shop of American journalism, has taken The San Diego Union-Tribune: Will Huntsberry and Scott Lewis, the Voice of San Diego San Diego’s daily paper of record, the Union-Tribune, was sold by billionaire owner Patrick Soon-Shiong and his family...
by jpitney | Nov 23, 2021 | Journalism, Journalists
Sara Fischer at Axios: Lawmakers, local reporters and journalism advocates are sounding the alarm over a takeover attempt of local newspaper group Lee Enterprises by Alden Global Capital, a hedge fund known for cutting journalists at local papers to maximize profits....
by jpitney | Oct 16, 2021 | Journalism, Journalists, Newspapers
McKay Coppins at The Atlantic: What threatens local newspapers now is not just digital disruption or abstract market forces. They’re being targeted by investors who have figured out how to get rich by strip-mining local-news outfits. The model is simple: Gut the...
