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The fight for the future of America's local newspapers
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The fight for the future of America's local newspapers

Today some of [Hartford Courant’s] young reporters fear for its future. Gathered downtown on a drizzly October afternoon, they have a new mission: finding a civic-minded rich person to buy their publication. Their hope is to rescue the Courant from what they see as the clutches of investors out solely for profit rather than to uphold democratic ideals and expose social ills. Emily Brindley, an energetic 25-year-old who leads the paper’s coronavirus coverage, summarises her view of its existence under its current owner, a New York hedge fund: “At best, we’re numbers on a spreadsheet,” she says. “At worst, we’re not even on a spreadsheet.”

The fight for the future of America's local newspapers

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Inquirer and Mirror Returns to Local Ownership
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Inquirer and Mirror Returns to Local Ownership

“The people who provided the money for the purchase just wanted to make sure that Nantucket continues to have its own newspaper,” Stanton said. “We’re seeing newspapers all over the country close. Small newspapers are closing or being bought, and then you’ve got towns without any independent news.”

Inquirer and Mirror Returns to Local Ownership

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Tribune Blues
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Tribune Blues

An Alden purchase of all of Tribune doesn’t have to be a fait accompli. In fact, the threat of such a deal represents an opportunity for civic-minded local investors across the country, who could use this case to not only save a critical local news institution, but to reinvent it.

Tribune Blues

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Union Seeks Removal of Alden Members From Tribune Board in Wake of Buyout Offer
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Union Seeks Removal of Alden Members From Tribune Board in Wake of Buyout Offer

The hedge fund has a reputation for making deep cost cuts at titles it acquires, which has triggered employee efforts at several Tribune papers to find local buyers to take over the publications individually, since Alden began amassing its stake in the company in late 2019

Union Seeks Removal of Alden Members From Tribune Board in Wake of Buyout Offer

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Hedge fund Alden looks to buy Tribune Publishing and go private in deal valuing newspaper chain at $520 million
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Hedge fund Alden looks to buy Tribune Publishing and go private in deal valuing newspaper chain at $520 million

“They fashion short-term business plans that cut newsrooms to the bone — destroying the watchdogs of our democracy,” Schleuss said. “Our thousands of members will continue to fight hedge fund ownership of local news.”

Hedge fund Alden looks to buy Tribune Publishing and go private in deal valuing newspaper chain at $520 million