News | The NewsGuild - TNG-CWA

Alden Global Capital, known for plundering newspapers, plans to expand ownership of Tribune Publishing

For Immediate Release

Contact: Sally Davidow, sdavidow@cwa-union.org

Move is latest Alden ploy in a larger effort to gut newsrooms across the country, detailed in new, comprehensive report

NewsGuild-CWA Outlines Path for Industry’s Survival

Sept. 11, 2020 – Alden Global Capital, the hedge fund known for pillaging newspapers, plans to expand its ownership stake in Tribune Publishing as soon as Jan. 1 and is shifting its business strategy to focus on digital subscriptions, according to internal company documents obtained by DFMworkers.org. Alden currently owns a 32 percent stake in the company and its hand-picked directors hold three of Tribune’s seven board seats. One is held by Alden’s patriarch and founder, Randall Smith. Continue reading “Alden Global Capital, known for plundering newspapers, plans to expand ownership of Tribune Publishing”

Company documents show Alden is overhauling its newspaper strategy after pandemic brings surprise windfall

With plans to own more shares of Tribune by January, hedge fund says the relationship between two chains is “deepening”

By Julie Reynolds

Editor’s note: This article first appeared on DFMworkers.org on Sept. 11, 2020.

Sept. 11, 2020 – In an abrupt strategy change, hedge fund Alden Global Capital appears committed to staying in the news business, after the pandemic created an unexpected new profit stream, internal company reports show.

The reports, which describe the financial picture of the Alden-owned newspaper chain MNG Enterprises, were obtained by DFMworkers.org after they were distributed at an internal staff meeting last month. Continue reading “Company documents show Alden is overhauling its newspaper strategy after pandemic brings surprise windfall”

In historic move, Packet/Gazette Guild wins voluntary union recognition from McClatchy

Sept. 11, 2020 – Journalists at The Hilton Head Island Packet and Beaufort Gazette newspapers made history Thursday evening, when President and Editor Brian Tolley announced the company would voluntarily recognize their union — The Packet/Gazette Guild. This is the first voluntary recognition by a McClatchy publication in recent years. Continue reading “In historic move, Packet/Gazette Guild wins voluntary union recognition from McClatchy”

Journalists of Hilton Head Island Packet, Beaufort Gazette hope to become South Carolina’s first union newspaper

Sept. 9, 2020 – The journalists at The Hilton Head Island Packet and Beaufort Gazette took a major step toward becoming South Carolina’s first active newspaper union on Wednesday, announcing they are forming the Packet/Gazette Guild. Continue reading “Journalists of Hilton Head Island Packet, Beaufort Gazette hope to become South Carolina’s first union newspaper”

Happy Labor Day!

Sept. 4, 2020 – NewsGuild-CWA President Jon Schleuss has a special Labor Day message.

There’s no shortage of news in Springfield, Ill., but they are running low on reporters.

SPRINGFIELD, Illinois, Sept. 4, 2020 – The daily newspaper in this capital city of 115,000 is one of the go-to places for political coverage in a state where consecutive governors went to federal prison, the state’s finances are precarious and the longtime speaker of the Illinois House may be in the crosshairs of a federal investigation. Continue reading “There’s no shortage of news in Springfield, Ill., but they are running low on reporters.”

Wanted: Administrative Officer, based in Seattle

Sept. 2, 2020 – NewsGuild-CWA Local 37082, the Pacific Northwest Newspaper Guild, is seeking an administrative officer to be based in Seattle. The local represents approximately 300 workers at units in Washington and Idaho. Continue reading “Wanted: Administrative Officer, based in Seattle”

Employees of Miami New Times win union recognition

Aug. 31, 2020 – Journalists at the alt-weekly Miami New Times voted 3-0 to unionize on Aug. 13, capping an eight-month fight for workers’ rights. They bring a four-person unit into CWA Local 3108 in Florida. Continue reading “Employees of Miami New Times win union recognition”

Tribune Content Guild votes for union, 24 to 2

Aug. 27, 2020 – Staffers of the Tribune Content Agency won union recognition Thursday, voting 24 to 2 in favor of joining the NewsGuild-CWA. Continue reading “Tribune Content Guild votes for union, 24 to 2”