Good news for Maryland, bad news for everyone else

Yesterday, Marylanders got some great news: a local investor wants to buy The Baltimore Sun and other Maryland newspapers owned by Tribune Publishing. Other communities with Tribune papers got bad news: the vampire hedge fund Alden Global Capital wants to take over the rest of the company.

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Tribune board agrees to sell company to Alden; union vows to continue to fight for quality journalism

Deal includes selling The Baltimore Sun and several other papers to a nonprofit foundation;
Sale must be approved by two-thirds of remaining shareholders.

Alden Global Capital, the New York hedge fund known for draconian cost-cutting at newspapers in its MNG Enterprises chain, has reached a deal with board members at Tribune Publishing to acquire the publicly traded company and take it private.

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New Jersey Media Unites and Unionizes

Editorial employees at three Gannett publications are standing together to fight for local news and address long-standing newsroom issues.  

Journalists at three Gannett-owned New Jersey publications — the Bergen Record, the Daily Record and the NJ Herald — announced that they are unionizing with the NewsGuild of New York local on Wednesday. With nearly 90% of eligible staffers signed on, the Record Guild has requested voluntary recognition from management.  

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The New York Daily News is unionizing

Employees seek to safeguard the News’ future by advocating for job security, equity, and a more inclusive and diverse newsroom. 

New York City’s hometown paper is forming a union. The editorial staffers of the New York Daily News announced Friday that they are organizing with NewsGuild of New York. More than 80% of eligible staff are standing together to request voluntary recognition from Tribune Publishing, the News’ parent company. 

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NewsGuild asks Treasury Secretary Yellen to investigate Alden’s secretive offshore ownership of news chains

Request comes as Alden is poised to acquire Tribune Publishing.

As New York vulture fund Alden Global Capital takes steps to take majority control of Tribune Publishing, The NewsGuild-CWA has requested a federal inquiry into Alden’s secretive offshore ownership structure.

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