#aldenglobalcapital — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #aldenglobalcapital, aggregated by home.social.
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The #PressDemocrat, a prominent newspaper in #SantRosa and #SonomaCounty, has been sold to #MediaNewsGroup, a subsidiary of #AldenGlobalCapital. The sale raises concerns among local #journalists and SF #BayArea residents due to Alden’s reputation for cost-cutting measures, including staff reductions and "shared" resources, which could impact the quality and depth of local news coverage. The sale was a surprise to the newsroom staff, who are now uncertain about their future under new ownership.
Nearly 20 years ago, a federal judge extended an order barring #Hearst Corp. and MediaNews Group Inc. from collaborating on local distribution and national advertising sales. It was part of an antitrust lawsuit alleging monopolistic practices in MediaNews’ acquisitions of Bay Area #newspapers. Then, as now, we should remain concerned about both companies, and the potential effect of #monopoly, or #oligopoly.
https://www.kqed.org/news/12039596/press-democrat-alden-sale-thebay
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8 Daily Newspapers Sue OpenAI and Microsoft Over A.I. - The suit, which accuses the tech companies of copyright infringement, adds to the fight o... - https://www.nytimes.com/2024/04/30/business/media/newspapers-sued-microsoft-openai.html #copyrightsandcopyrightviolations #suitsandlitigation(civil) #computersandtheinternet #artificialintelligence #aldenglobalcapital #medianewsgroupinc #newsandnewsmedia #chicagotribune #microsoftcorp #newspapers #openailabs
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CW: Long thread/36
In #Baltimore, a new news outlet called the *#BaltimoreBanner* is looking to discipline the ailing *#BaltimoreSun*, which was recently purchased by #AldenGlobalCapital. Alden is a notorious vulture capitalist that buys up once-great papers, asset-strips and debt-loads them, fires their best reporters, and lets them degrade into a slurry of advertorials, wire service articles, and nonsense:
https://pluralistic.net/2021/10/16/sociopathic-monsters/#all-the-news-thats-fit-to-print
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