Baltimore Sun, Chesapeake News Guild Raise Concerns About New Investment From ‘Destroyer of Newspapers’

12/11/19

By Brandon Weigel, Baltimore Fishbowl

More than 400 journalists at Tribune Publishing newspapers, including dozens at outlets operated by the Baltimore Sun Media Group, petitioned the company’s board of directors to reaffirm a commitment to local journalism in the wake of investments by Alden Global Capital, once dubbed a “destroyer of newspapers.”

The hedge fund, which owns 60 dailies, including the Denver Post, Boston Herald and St. Paul Pioneer Press, became the largest shareholder in Tribune last month and now holds a 32 percent stake in the company and two seats on the board.

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