This is a somewhat niche topic, but Allentown newspaper The Morning Call is absolutely dicked:

Tribune Publishing’s newspapers, including The Morning Call, will be sold to a New York hedge fund known for aggressive cost cutting after shareholders on Friday voted to approve the deal.

The vote essentially clears the way for Alden Global Capital, which already owns more than 31% of the company, to complete its deal to buy the rest of Tribune, which also publishes the Chicago Tribune, New York Daily News, The Baltimore Sun and many other storied newspapers. The deal is expected to close by the end of June, if not earlier, at which point Tribune will become a privately held company.

What does it mean? Bad things for that newspaper.

Alden are vultures who don’t care about journalism at all. They basically just fire a bunch of people, put out a shitty product, and try to make as much money as possible. There have been horror stories of Alden making cuts at other properties they own, and this is pretty much the nail in the coffin for a once-great paper up there in the Lehigh Valley.

You may be aware that Alden is also in control of a number of local entities via a subsidiary known as “Media NewsGroup.” They operate the Pottstown Mercury, Daily Local (West Chester), and Delco Times. All of those places have been reduced to the studs. Same with The Reading Eagle, which lost something like 80 people when the paper was sold. It’s pretty sad overall.

Say what you will about newspapers being dead, but Alden isn’t interested in evolving; they’re just in it for the money.

https://twitter.com/mcallguild/status/1395759628001153025?s=20