Mercenary hedge fund with scant interest in first rate journalism targets Gannett
With a dubious record of milking newspapers they acquire, the hedge fund Alden Global Capital is setting its sights on Gannett Co., owner of USA Today and scores of local newspapers. Their newspaper subsidiary Digital First likes to cut jobs and in the case of the Denver Post, it reduced staff from 200 to 100 in eight years and then called for another cut of 30 jobs. (Bloomberg News, January 14, 2019, by Gerry Smith)