Last updated: 1 April 2023 at 11:00am EST. But I live here. Temporarily, it cannot increase its stake in Tribune. Under MediaNews Groups ownership in those years, the Bay Area News Group shrank from around 380 staffers to around 250, Chase says. He started his owncompany, the first of many,in 1985. It publishes daily newspapers, weekly newspapers, and niche publications and direct mails; and operates local websites and mobile applications. Singleton declined to comment further on Aldens principals or whether the fundwould try to consolidate its newspaper holdings. The Post's controlling owner, "vulture capitalist" Randall Smith, has become journalism's No. A commentary explains the importance of industry themes to the Alden portfolio because individualcompanies in the same industry usually face similar economicdrivers., When investor and analyst opinion goes sour on an industry because of poor financial performance, the commentary continues, this bias can create significant buying opportunities, and it is one that we look for in industries that are on our distressed radar.. [2] [3] By mid-2020, Alden had stakes in roughly two hundred American newspapers. Socially, Im very shy. Email dhofheinz@pbdailynews.com, call (561) 820-3831 or tweet @PBDN_Hofheinz. But put me at a party thats not about business, and Ill be the guy in the corner chain-drinking and looking at my watch to see when I can leave., Smith was befriended by John Sughrue, who had come to Dallas from New York and whos now one of the developers behind Museum Tower. Randall D. Smith - Biography 1 villain for having cheapened and starved not just its Denver paper but many of the titles. Journal Register and Media News can be merged perhaps with Freedom too, if the Alden guys can figure out a fair price to pay themselves. They choose not to.. Randall Smiths income source is mostly from being a successful . Smith & Company, in 1985, . Hes a major Republican donor. He is a founding member of Alden Global Capital LLC, a private investment firm based in New York. What I can expect in the next few months and for the rest of the year, Chicago Tribune Guild president and courts reporter for the paper, Megan Crepeau, says, is a strong newsroom, a united front, because now we know exactly the kind of dirty tricks and exactly the kind of ways that they want to gut us., NEW AT CJR: Kayleigh McEnany, media critic, TOP IMAGE: Journalist George Kelly protesting Alden Global Capital outside the hedge-fund's headquarters in New York, in May 2018.
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