When Alden Global Capital announced its plan to take over Tribune Publishing—the Chicago-based media conglomerate that publishes the Chicago Tribune, The Baltimore Sun, Orlando Sentinel, and the New York Daily News—earlier this year, it presented itself as a savior. Alden manages newspapers across the country, in Denver, Boston, and San Jose, California. “Our commitment to ensuring the sustainability of robust local journalism is well established, and this is part of that effort,” a press release read. There are many villains in the plight of local news in the 21st century, but Alden Global Capital is, along with Facebook and Google, among the most dastardly. A vampiric hedge fund, it has no
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