When Alden took over Tribune, newsrooms were cut by an average of 20% since Alden offered aggressive buyouts. Our Trib union friends are standing with us to #SayNoToAlden.
https://t.co/gVRhO9mic0
Harris Kupperman, whose related entities own 7.3% of Buffalo News owner Lee Enterprises shares, says in a letter today to the company's board that they should reject Alden's offer to purchase Lee for $24/share. https://t.co/eKRBhkuSmG
Why should @LeeEntNews#SayNoToAlden?
Because elected officials have spoken out against the hedge fund’s shady business dealings and the danger it poses to our democracy.
Why should @LeeEntNews, owner of @TheBuffaloNews, #SayNOtoAlden?
Because Alden diverted hundreds of millions 💰💰💰 from Digital First Media newspapers into other ventures -- questionable investments “entirely unrelated to the company’s core businesses.”
https://t.co/hOpWPNA8Fd
Our union siblings at @LeeUnions and the communities they serve are under attack by a familiar foe, Alden Global Capital. So we wrote this (so far unpublished) letter to the editors of all Lee papers & neighbors about how we can ALL fight back together!
https://t.co/srnltpZzNO
Alden’s first act upon acquiring Tribune Publishing was to cut our staffs by 20% via buyouts. Since then they’ve continued to expect us to work free and discounted hours while they tank our health insurance, breaking what few labor laws protect us in this country.
It's been two weeks since Alden said it wanted @LeeEntNews, and all we want this holiday season is for Lee to #SayNoToAlden. Why?
Because Alden’s primary financial backer is a secretive private equity firm named after the three-headed guard dog for the gates of the underworld.
Why should @LeeEntNews, owner of @TheBuffaloNews, refuse the purchase offer from vulture fund Alden Global Capital?
Because Alden’s primary financial backer is a secretive private equity firm named after the three-headed guard dog for the gates of the underworld. #SayNOtoAlden
Why should @LeeEntNews#SayNoToAlden?
Because Alden’s primary financial backer is a secretive private equity firm named after the three-headed guard dog for the gates of the underworld.
Why should @LeeEntNews#SayNoToAlden?
Because Alden takes money from employee pension funds to use for its own risky investments.
The Dept. of Labor found Alden probably violated pension protections when it took $294 million from employee pensions.
“When local news coverage disappears, communities see increased partisan polarization, lower rates of voter participation + increased levels of corruption in local governments.”
Thanks to our friends at Tribune for supporting @LeeUnions against Alden.
https://t.co/dQQzgT5nKJ
No two ways about it, Alden is a bad actor.
Please urge @LeeEntNews to keep up their vigilance against Alden Global Capital’s attempts to run/ruin Nebraska’s newspapers. Lend your voice: [email protected]#SayNoToAlden#Savelocalnews
Layoffs, buyouts and attrition have made it grueling for the @billingsgazette to deliver vital news to our giant coverage area. There is no fat to trim. If Alden Global Capital buys @LeeEntNews, it would lop off limbs. #SayNoToAlden
Why should @LeeEntNews, owner of @TheBuffaloNews, #SayNOtoAlden?
Because Alden Global Capital leaves journalists with no place to work. Alden closed at least six physical newsrooms of papers it controlled in 2020, and didn’t pay rent for months on properties it leased.