Category: LEDE

Alden and other venture capitalists threaten journalism’s role in democracy

By Margot Susca From “Hedged: How Private Investment Funds Helped Destroy American Newspapers and Undermine Democracy” by Margot Susca. Copyright 2024 by the Board of Trustees of the University of Illinois. Used with permission of the University of Illinois Press. Warren Buffett’s Berkshire Hathaway had a dalliance with the chain newspaper market, acquiring in 2012

The Davids fighting Goliath in West Virginia

A feisty team of lawyers and tenants in Appalchian mobile home parks are fighting Alden’s owners — and sometimes, they’re winning. News analysis By Julie Reynolds In Mercer County, West Virginia, Valeria Steele is proud of her home in Elk View Estates, a community she says used to be “such a nice place to live.”

Vulture hedge fund can’t stop Chicago’s media ecosystem from thriving

When Alden Global Capital bought Tribune Publishing in May 2021 and slashed Chicago Tribune newsroom staff to bare bones, few media experts and Chicago journalists were surprised.   “Years of poor management” at Tribune Publishing paved the way for Alden, said Brant Houston, professor and Knight chair in investigative and enterprise reporting at the University of