On World Press Freedom Day, NewsGuild warns of danger to local news; Urges shareholders to reject Alden’s hostile bid for Gannett
May 2, 2019 – On May 3, World Press Freedom Day, The NewsGuild-CWA will warn of the danger to local news coverage in communities across the United States and urge Gannett shareholders to reject a looming hostile takeover bid by Alden Global Capital, a New York hedge fund.
Alden, reviled as a “destroyer of newspapers,” owns Digital First Media, the second largest U.S. chain by circulation. Alden is backing a slate of three “hopelessly conflicted” candidates running for Gannett’s board at the company’s May 16 shareholder meeting. More