NewsGuild-CWA issues letter to Tribune shareholders urging a NO vote on Alden takeover

The NewsGuild-CWA filed a letter to shareholders with the Securities and Exchange Commission on Tuesday, urging a “no” vote on hedge fund Alden Global Capital’s attempted takeover of Tribune Publishing.

Instead of seeking the best value for Tribune shareholders, the Guild’s letter states, Tribune’s board “excessively focused on a rapid approval of Alden’s proposal, even though a potentially superior offer as well as continuing independent operation present higher value alternatives.”

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Newsletter: The story you’ve always dreamed of telling

Today is World Press Freedom Day, and this year’s theme, “Information as a Public Good,” couldn’t be more appropriate. It reflects the severity of the crisis facing journalism and the need to reshape our industry. We cannot let hedge funds and profit-hungry chains run journalism into the ground. News and information are essential to empowering the people to participate in civic life.

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NY Daily News Union wins in a blowout

The journalists of the New York Daily News won union recognition in a blowout on Friday, voting 55-3 to form the Daily News Union, a unit of the NewsGuild of New York.

After a year of organizing, they’re eager to get to the bargaining table. And as the newest unionized paper of the Tribune Publishing chain, they will immediately be drawn into the fight against a takeover by Alden Global Capital.

Follow them on Twitter @NYDNUnion or visit their website, NYDNUnion.com.

Tribune could take on massive debt to finance its own takeover

Cash-strapped and banished from its luxury offices, Alden Global Capital has crafted a Faustian bargain to buy the publisher

This article first appeared on DFM.workers.org on April 28, 2021.

Alden Global Capital says it can buy Tribune Publishing with surplus cash on hand, but the former New York hedge fund’s merger agreement with Tribune appears to contradict the claim.

Doubts about Alden’s ability to purchase Tribune with cash are reinforced by a costly U.S. Department of Labor investigation, mounting lawsuits over broken lease agreements, and a stealthy exit from the top floor of Manhattan’s glamorous Lipstick Building to an unmarked virtual office in South Florida.

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Study shows pay disparities for women and journalists of color as high as $27,000 at Gannett

A first-of-its-kind pay equity study of 14 Gannett newsrooms reveals stark pay disparities for women and journalists of color and a workforce whiter than the communities they cover.

The study of nearly 450 employees, conducted by NewsGuild-CWA members, also shows that unions make a difference. Unionized newsrooms with pay scales in their contracts had significantly smaller gender and racial pay gaps than newly organized units with no contracts yet in place, the report shows. With more than 250 publications, Gannett is the largest newspaper chain in the country.

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Study shows Gannett underpays women and journalists of color as much as $27,000

More than two dozen Gannett journalists share personal testimonials in the report.

Contact:
Rebekah Sanders, Arizona Republic Guild Chair
480-242-3096, Rebekah.L.Sanders@gmail.com

A first-of-its-kind pay equity study of 14 Gannett newsrooms by NewsGuild members sheds light on stark pay disparities for women and journalists of color and a workforce whiter than the communities they cover.

The study of nearly 450 employees also shows that unions make a difference. Unionized newsrooms with pay scales in their contracts had significantly smaller gender and racial pay gaps than newly organized units with no contracts yet in place.

Continue reading “Study shows Gannett underpays women and journalists of color as much as $27,000”