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.
Continue reading “NewsGuild asks Treasury Secretary Yellen to investigate Alden’s secretive offshore ownership of news chains”For immediate release
Contact: Sally Davidow
sdavidow@cwa-union.org
The NewsGuild-CWA today called on Treasury Secretary Janet Yellen to conduct a review of the proposed acquisition of Tribune Publishing by Alden Global Capital, a hedge fund that is notorious in the news industry as a bad actor.
Continue reading “NewsGuild calls on Treasury Secretary Yellen to review Alden’s proposed acquisition of Tribune”
FOR IMMEDIATE RELEASE
Jan. 6, 2021; original release Jan. 5, 2021
CONTACT: Sally Davidow
sdavidow@cwa-union.org
The Chicago News Guild has called for the immediate removal of three members of the Tribune Publishing Board of Directors, citing a breach of fiduciary duties in a recent filing of regulatory disclosures. A shareholder proposal sent to Tribune Board Chairman cites misconduct by Tribune directors Randall D. Smith, Dana Goldsmith Needleman, and Christopher Minnetian related to the recently disclosed action of Mr. Smith – Alden Global Capital’s founder.
Continue reading “Journalists’ Union Calls for Removal of Members of Tribune Board of Directors”
One year ago, the vulture hedge fund Alden Global Capital bought nearly a third of the stock in Tribune Publishing, one of the nation’s most venerable newspaper chains, owner of the Chicago Tribune, Baltimore Sun, Orlando Sun-Sentinel, the Hartford Courant and others.
Continue reading “A year under Alden’s grip, how is Tribune faring?”