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Alden Capital, Known for Gutting Newspapers, Eyes Post-Dispatch – St. Louis, Missouri

St. Louis, Missouri 2021-11-24 16:02:00 –

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  • Post Dispatch’s current office is located in downtown North Tens Street and moved in 2019 after leaving the Tucker building, which had been in operation since 1959.

On Monday, New York City-based hedge fund Alden Global Capital announced its intention to acquire Lee Enterprise. After shippingAmong the paper staff, it raises concerns not only about their work, but also about the future of ethical and transparent governance in the region.

“It’s obviously very worrisome, but it’s a conservative expression,” said one. After shipping Reporter. “It’s like a grim reaper appearing at the door of your city.”

“In the last few years, we’ve had a lot of influential stories and we want to continue,” said sports writer Jeff Gordon. After shipping Not only the president of United Media Guild.The union After shipping Employees from all over the Midwest, as well as other media workers.

“The challenge for Alden is that they cut, cut, cut, and there’s just no one left to do that,” Gordan added.

Gordon After shippingReport of disgraceful county administrator Steve Stenger, whose fall in 2019 began two years ago After shipping Business reporter Jacob Barker has begun to notice a donor to Stenger’s political activities, which has won a deal with his lover on Wellston’s land.Barker later talks about his work St. Louis on the AirGo to a meeting for a credited basic beat report, an economic development organization, and delve into the deals that raised the danger signal. He also acknowledged the credit of all the other reporters who spoke with him in his dissertation.

The 2019 grand jury indictment also mentions Barker by name. The Stenger told the people around him, ” After shipping Reporters who wrote investigative journalism ”

The story of Stenger is just one of the most influential investigative journalism that is owned by Alden and can be at risk. After shipping..According to the work of Atlantic About Alden after a hedge fund buys Monterey Herald In California, the reporter “had been forced to stop writing investigative journalism so that he could write multiple articles a day.”Earlier this year Alden bought Chicago Tribune And soon, the Pulitzer Prize-winning paper had no reporters on the State Capitol during the state government scandal, and some reporters watched police scanners overnight during the summer crime wave. There wasn’t.

“Unfortunately, Alden’s track record is what it is. They haven’t been in it for a long time,” Gordon said. “This is just a classic asset stripping play. They just try to bleed it for cash, and then nothing remains.”

Gordon says his union is often After shippingLee Enterprises, the current owner of the newspaper, said, “The newspaper union is in a position to help Lee dodge this purchase attempt, if possible, rather than fighting Lee.”

NS After shipping The reporter who commented on “Grim Reaper” conveys the following message to millions of people who may be reading: In St. Louis, this is it. Is it native son Jack Dorsey? Or Jim McKelvi? Someone else? I don’t know, and I don’t know if anyone will. In the meantime, while continuing to work on the Pulitzer caliber, we’ll see how fate is determined. ”

We welcome tips and feedback.Send an email to the author at ryan.krull@riverfronttimes.com Follow him on Twitter

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