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Alden Global Capital
“A hedge fund that buys newspapers and fires the journalists — their own papers call them 'vulture capitalists.'”
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Alden Global Capital is technically a hedge fund, not traditional PE, but the result is identical: buy, cut, extract. They've acquired some of America's most storied newspapers — the Chicago Tribune, the New York Daily News, the Orlando Sentinel — and slashed newsrooms by up to 75%. Over 200 staffers staged a historic strike in 2024. When your own product publishes editorials calling you a vulture, you might be doing something wrong.
Founded 2007 · New York, NY