In December, Alden Global Capital, a New York City hedge fund and media investor, confirmed, in a filing with the Securities and Exchange Commission, that it was looking to acquire Tribune Publishing, which owns the Chicago Tribune, the New York Daily News, and the Hartford Courant, as well as other local newspapers in Pennsylvania, Maryland, Virginia, and Florida. Tribune already counted Alden as its largest shareholder; Alden was offering $14.25 per share to take full control of the company. Yesterday, following weeks of wrangling, Tribune announced its intention to sell to Alden at $17.25 per share. The deal as a whole is valued at $630 million, and would take Tribune private. Alden has become notorious—and widely reviled—for its tactic of ruthlessly slashing costs at its existing media properties; in 2018, staffers at the Denver Post, where management had just moved to cut thirty jobs, assailed their owners as “vultures” in an editorial that resonated across the media industry. “Media observers note that they make cuts almost from day one. Pens and notebooks disappear from newsrooms. One newsroom was missing hot water. Then newspaper buildings are sold, and staff is consolidated and cut,” CJR’s Savannah Jacobson wrote in a profile of Alden last year. “Despite earning higher profits than is typical in the industry, the NewsGuild says that between 2012 and 2019, Alden cut 71 percent of jobs in the hedge fund’s Guild-represented newsrooms.” (In their rare public... Continue reading at 'Columbia Journalism Review'
[ Columbia Journalism Review | 2021-02-17 13:33:35 UTC ]
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A likable android studies human behavior in Nobel Prize-winning author Kazuo Ishiguro’s “Klara and the Sun,” which explores the effects of AI. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2021-03-01 14:06:00 UTC ]
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Essay Photo by Tyler Quiring / Unsplash Ismail Kadare has a remarkable quality of saying a great deal and with much clarity, but in an elusive, oblique, and allegorical way. Peter Constantine situates Kadare’s work in the long history of the... Continue reading at World Literature Today
[ World Literature Today | 2021-02-18 14:09:58 UTC ]
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Newspaper publisher Tribune has agreed to be sold to Alden Global Capital, a hedge fund known for cutting costs and eliminating newsroom jobs, in a deal valued at $630 billion Continue reading at ABC News
[ ABC News | 2021-02-17 00:40:46 UTC ]
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“Lone Stars” is a multigenerational story, told with sincerity, heart and a profound understanding of what it means to hide one’s true self. Continue reading at The Washington Post
[ The Washington Post | 2021-02-10 14:00:00 UTC ]
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The Sun on Sunday and children's reading charity BookTrust are launching a new campaign, Books For Kids, asking readers to send in their old children’s books so they can be pulped and turned into new ones, "bringing the joy of reading to more families during lockdown". Continue reading at The Bookseller
[ The Bookseller | 2021-02-02 17:33:21 UTC ]
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Set in Brighton Beach in 1968, the novel follows three characters involved in a wacky film production. Continue reading at The Washington Post
[ The Washington Post | 2021-01-26 13:00:00 UTC ]
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The legendary developer’s new memoir brought back poignant memories of one of his most famous games—and of the hours I played with my dad. Continue reading at Wired
[ Wired | 2021-01-22 12:00:00 UTC ]
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The 2020 bestseller lists from Germany reflect readers' interest in both engaging with current affairs and escaping into great stories. The post Germany’s Bestselling Books of 2020: Serious Themes and Escapism appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-01-08 15:55:19 UTC ]
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Hedge fund Alden, Tribune’s largest shareholder, has offered to buy the rest of the newspaper publisher at a price that values it at $520.6 million Continue reading at ABC News
[ ABC News | 2020-12-31 15:47:06 UTC ]
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Verizon right to carry programming from Hearst TV stations expires Midnight December 31. Continue reading at Baltimore Sun
[ Baltimore Sun | 2020-12-30 15:30:53 UTC ]
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Finding solace and humor in gems from by P.G. Wodehouse, Daisy Ashford, Barry Pain and more. Continue reading at The Washington Post
[ The Washington Post | 2020-12-16 14:00:00 UTC ]
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Baltimore tech company eOriginal is set to be acquired by Netherlands-based Wolters Kluwer for about $280 million, the information and software firm announced in a news release Thursday. Continue reading at Baltimore Sun
[ Baltimore Sun | 2020-12-10 22:23:55 UTC ]
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One of Perry’s unique talents is his ability to tell the same story over and over again, while finding ways to make it fresh and absorbing. Continue reading at The Washington Post
[ The Washington Post | 2020-11-29 06:53:26 UTC ]
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Pirates of Caribbean actor had sued newspaper publisher for damage to his reputationThe Hollywood actor Johnny Depp has lost his high-stakes libel action in the London courts against the Sun after the newspaper described him as a “wife beater”.The high court dismissed the claim by the Pirates of... Continue reading at The Guardian
[ The Guardian | 2020-11-02 11:23:11 UTC ]
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The Salt Lake City newspaper will move to weekly editions. The change will not result in any layoffs in the 65-person newsroom, according to the newspaper’s interim editor. Continue reading at The New York Times
[ The New York Times | 2020-10-27 14:16:05 UTC ]
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A new creative endeavor from Hatch Escapes and director Arvind Ethan David turns the life story of Mary Shelley into a hybrid tabletop gaming experience rooted in serious storytelling. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-21 04:00:00 UTC ]
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Look for the green stucco house with a porch near the Mt. Washington Whole Foods. Continue reading at Baltimore Sun
[ Baltimore Sun | 2020-10-07 22:23:53 UTC ]
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Erika A. Niedowski, a former Sun foreign correspondent and Moscow bureau chief who was a 2004 Pulitzer Prize finalist and later worked for The Associated Press, died Friday of undetermined causes at Rhode Island Hospital two days before her 47th birthday. Continue reading at Baltimore Sun
[ Baltimore Sun | 2020-10-06 21:08:37 UTC ]
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The Barnes and Noble bookstore at 601 E. Pratt St. at Baltimore's Inner Harbor will close Saturday, according to a sign posted at the location. Continue reading at Baltimore Sun
[ Baltimore Sun | 2020-08-25 17:48:42 UTC ]
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Stephenie Meyer's Midnight Sun (Hachette) has scored a hat-trick across formats in the UK, adding an Audible number one to its print and e-book chart top spots. Continue reading at The Bookseller
[ The Bookseller | 2020-08-13 13:07:33 UTC ]
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