Newspaper Investor Randy Smith Breaks Silence to Speak Up for Gannett

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By: Rick Edmonds | Poynter

Alden Global Capital clearly likes something about the newspaper industry as evidenced by its controlling interest in two companies — Journal Register and MediaNews — and substantial investment in half a dozen more, including Gannett, still the nation’s largest newspaper company.

But like most hedge fund and private equity investors who have become an ownership force in recent years, Alden has been mum on why exactly it finds newspaper investments attractive and what turnaround scenario it sees.

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