Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Denver Post Revolts Against Its “Vulture” Hedge-Fund Owner & Demands 126-Year-Old Newspaper Be Saved
Posted
April 10, 2018
Views
5,556
Likes
220
Comments
43
Engagement
April 10, 2018
5,556
220
43
4.73%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
8:11Now PlayingThe Denver Post has launched a revolt against its ownerNew Yorkbased hedge fund Alden Global Capital. On Sunday, The Denver Post’s editorial board published a lead editorial headlined “As vultures circle, The Denver Post must be saved.” Alden Global Capital is the parent company of Digital First Media, one of the country’s largest newspaper chains. Since 2010, Digital First Media has slashed budgets and staff at newspapers across the country, including the Oakland Tribune, The San Jose Mercury News and the St. Paul Pioneer Press. Alden Global Capital is backed by founder and chief of investments Randall Smith and president Heath Freeman. Both are known on Wall Street as vulture capitalists who make their money investing in distressed businesses and selling them off. For more, we speak with Ricardo Baca, the former cannabis editor at The Denver Post, who wrote one of the opeds, titled “When a hedge fund tries to kill the newspapers it owns, journalists must fight back.” Baca worked at the Post for 16 years and is now the CEO and founder of Grasslands.
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 89AM ET
Please consider supporting independent media by making a donation to Democracy Now! today
FOLLOW DEMOCRACY NOW! ONLINE:
Daily Email
Stitcher Radio
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
