The Chicago Tribune didn’t replace its retiring architecture critic. So he funded his own successor. Pulitzer Prize-winning critic Blair Kamin is paying for the Tribune’s next architecture writer out of his own pocket. Why would he do such a thing? October 22, 2024 Mark Caro
Opinion | Why Report for America will no longer place corps members in hedge fund-owned publications Our program must focus on areas where it has the most impact, RFA executive director Kim Kleman writes March 7, 2024 Kim Kleman
Opinion | Alden finds a formula to make money two ways on the sale of The Baltimore Sun The Sun’s sale to Sinclair executive David D. Smith includes a contract that keeps payments coming to Alden. January 17, 2024 Rick Edmonds
Opinion | Action needed to avoid local news setbacks like Pennsylvania sale Alden Global Capital's purchase of four local papers highlights the need for new policies and more options September 1, 2023 Steven Waldman
Opinion | Alden’s move to end candidate endorsements feels like cowardice The hedge fund should adhere to what it knows best: pinching pennies. The upstanding-citizen shtick is out of its element. October 13, 2022 Howard Saltz
Hearst Connecticut ramps up coverage of Hartford County, home of Alden’s Hartford Courant Hearst’s move is not framed as a news-war attack on the Courant, but the company did offer a hint of that. March 29, 2022 Rick Edmonds
Lee’s slate of directors elected, Alden Global Capital takeover attempt blocked for now Here are four moves that Alden could make next in its attempt to take over Lee Enterprises. March 10, 2022 Rick Edmonds
Pay equity study by Tribune unions finds gender and racial pay gaps The study found that the median salary for Black women at unionized Tribune newsrooms in 2021 was 22.5% less than that of their white male colleagues. March 9, 2022 Angela Fu
‘60 Minutes’ correspondent Jon Wertheim on local newspapers: ‘Someone has got to solve this riddle’ Many assume their plight comes from changing reader habits and aren’t aware of the damage being done by hedge funds. February 28, 2022 Tom Jones
Alden Global Capital loses lawsuit to nominate its slate of candidates for Lee Enterprises’ board The hedge fund signaled that it is not ready to abandon its campaign to gain influence in how the newspaper company is run. February 15, 2022 Rick Edmonds
A philanthropist pivots: How Stewart Bainum Jr. came to pledge $50 million to launch The Baltimore Banner As a former legislator, Bainum ‘saw all sorts of shenanigans. Not all of them got reported, but a lot more then than now.’ February 10, 2022 Rick Edmonds
Lee Enterprises continues to show fast digital subscription growth, but revenues lag Alden Global Capital, the company’s hedge fund antagonist in an ongoing hostile takeover fight, characterized the results as ‘disappointing.’ February 3, 2022 Rick Edmonds
Alden’s attempted takeover of Lee Enterprises heats up Four recent developments in the hedge fund's attempt to take over the owner of St. Louis Post-Dispatch, Omaha World-Herald, The Buffalo News and more. February 1, 2022 Rick Edmonds
Alden goes to court in its takeover battle with Lee Enterprises Alden’s strategy seems to have shifted back to gaining influence and seats on the board to make a case against Lee management. December 15, 2021 Rick Edmonds
Lee’s stock is now trading at way more than Alden Global Capital’s takeover offer It suggests Lee’s newsrooms, which have worried for the last month about deep cuts if Alden takes over, may instead see a fairly stable 2022. December 14, 2021 Rick Edmonds
