I was shocked when I heard the news. I shouldn’t have been. At the behest of its shareholders, Times-Shamrock Communications is selling off its 4 daily newspapers, including the venerable and Pulitzer Prize winning Scranton Times. The buyer is MediaNews Group, a subsidiary of Alden Capital, a soulless hedge fund with a reputation for being a soulless hedge fund. The Denver based organization is known for draconian cost cutting and an almost gleeful attitude towards emptying out newsrooms of actual human beings. It’s worth noting that there is nothing political about any of this. Alden Capital has no fixed ideology. This is balance sheet-shit, nothing more. They’ll squeeze as much money as they can out of these newspapers, and then shut them down. The employees are mere collateral damage.
Sad...very, very sad. I miss the physical copies of multiple papers being delivered to our driveway each day. Now we're down to none... I know tecnological advancements have been good in many ways, but they have taken so much away from us. I miss the way it " used to be" Life was much less complicated back in the day.
Sad...very, very sad. I miss the physical copies of multiple papers being delivered to our driveway each day. Now we're down to none... I know tecnological advancements have been good in many ways, but they have taken so much away from us. I miss the way it " used to be" Life was much less complicated back in the day.
This may by your best article yet.