Hi there,

If you think Democracy Now!’s reporting is a critical line of defense against war, climate catastrophe and authoritarianism, please make your donation of $10 or more right now. Today, a generous donor will DOUBLE your donation, which means it’ll go 2x as far to support our independent journalism. Democracy Now! is funded by you, and that’s why we’re counting on your donation to keep us going strong. Please give today. Every dollar makes a difference—in fact, gets doubled! Thank you so much.
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Tribune Publishing Acquired by Hedge Fund Alden Global; Baltimore Sun Will Go to Nonprofit

HeadlineFeb 17, 2021

In media news, the hedge fund Alden Global Capital has struck a deal to fully acquire Tribune Publishing, publisher of the Chicago Tribune and other major publications. Jon Schleuss, president of the NewsGuild, tweeted, “A terrible deal for the company, the workers, the shareholders and our democracy. Alden is only interested in extreme short-term profits by cutting everything to the bone. They have no long-term plan. #SaveLocalNews.” However, some Tribune papers, including The Baltimore Sun and the Capital Gazette, will instead be acquired by a nonprofit formed by hotel executive Stewart Bainum Jr.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top