After more than two decades, New York’s storied tabloid, the Daily News, finally has a staff union again. But with the paper’s sale to Alden Global Capital, a rapacious hedge fund notorious for crushing newsrooms, the union is going to have its work cut out for it just keeping the paper alive.
The New York Daily News has been acquired by Alden Global Capital, a New York City–based hedge fund that owns more than two hundred newspapers and various publications across the US. (Drew Angerer / Getty Images) The news came almost in tandem, a worthy encapsulation of the media’s plight under capitalism. First, after great effort, the journalists of the…
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