'Vulture Capitalist' Firm That Gutted Denver Post Eyes Gannett, Arizona Republic

Published: Thursday, January 17, 2019 - 10:18am
Updated: Thursday, January 17, 2019 - 1:15pm
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Digital First Media is a subsidiary of a hedge fund called Alden Global Capital. You may not know the name, but newspapers across the country do. After the company bought The Denver Post, the paper’s staff penned a front-page op-ed calling its new owners “vulture capitalists” who had gutted their staff to the point of no return.

Now, that same hedge fund has made a bid to buy Gannett, which owns the Arizona Republic, USA Today and a slew of other major local newspapers around the country. This could create the largest newspaper company in the country, and it has journalists up in arms.

Case in point — Joshua Benton with Harvard’s Nieman Lab, which focuses on journalism standards, said on Twitter: “Digital First will do their best to draw blood from even Gannett’s already desiccated stone.”

Cara Lombardo broke this story for the Wall Street Journal. The Show spoke to her asked what this could mean for Gannett and the Arizona Republic.

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