Alden Capital

Alden has a play book of going into a distressed newsroom and selling off the real estate and property equipment, things like that. In recent filings, the new york times company reported ten % profit margins. One study conducted by the university of north carolina in 20 18 found that some alden own newspapers had cut staff at twice the rate of their editors. Stephen waldman is a former journalist who studied the decline of the local news industry for the federal communications commission. He says there is evidence of increased corruption by local officials.