My research of media conglomerate buyouts and monopolization of America media has led me back to Alden Global Capital several times.
For Freeman and his investors to come out ahead, they didn’t need to worry about the long-term health of the assets—they just needed to maximize profits as quickly as possible.
From 2015 to 2017, he presided over staff reductions of 36 percent across Alden’s newspapers, according to an analysis by the NewsGuild (a union that also represents employees of The Atlantic). At the same time, he increased subscription prices in many markets; it would take awhile for subscribers—many of them older loyalists who didn’t carefully track their bills—to notice that they were paying more for a worse product. Maybe they’d cancel their subscriptions eventually; maybe the papers would fold altogether. But as long as Alden had made back its money, the investment would be a success.
More information here about Alden Global Capital
https://archive.is/vAW5J#selection-1221.87-1221.107
My research of media conglomerate buyouts and monopolization of America media has led me back to Alden Global Capital several times.