Alden Global Capital Mismanaged Employees’ Pensions, Federal Investigators Found

Posted Friday, April 23, 2021 11:00 am

Jonathan O'Connell | Washington Post

Hedge fund Alden Global Capital probably violated federal pension protections by putting $294 million of its newspaper employees’ pension savings into its own funds, according to a Labor Department investigation.

Alden is the leading bidder for Tribune Publishing’s titles, including the Chicago Tribune and Baltimore Sun.

Click here to read more.

Comments

No comments on this item Please log in to comment by clicking here

Scroll the Latest Job Opportunities From The Media Job Board

E&P Exclusives

Would reinstating public editors bring back trust in media?

In the 1980s, many cash-flush news organizations employed a public editor specifically to build and foster trust between readers and journalists. These days, just two news organizations in the United States — NPR and PBS — still appear to employ a public editor. So, is it time for more news organizations to consider hiring ombudspersons to help rebuild trust in the media — one community at a time?

What does the future local website look like? Part 2

In this month's column, E&P columnist Guy Tasaka shares some thoughts on what the future local media website looks like and how local media publishers can thrive in the new environment. As you read his thoughts, consider that any local presence that has the legacy trust can take this playbook and run with it. It could be the two largest television stations in the market, the public media company, the big university or the local chamber of commerce. There are no swimlanes anymore, and local media 3.0 will be a winner-take-all race.

Read E&P Exlcusives

Latest (Proudly Printed) Magazine

#NewsPeople on the move

Reuters hires Kavya Balaraman as editor on commodities and energy team

Reuters has hired Kavya Balaraman to be an editor on the commodities and energy team.

Veteran news executive Sean McLaughlin joins Graham Media Group

Graham Media Group, the local media division of Graham Holdings Company (NYSE: GHC), announced today that Sean McLaughlin has been named vice president of news for the company's local media hubs. McLaughlin brings over two decades of experience leading innovative news strategies across multiple platforms.

See more NewsPeople

Latest E&P Sponsored Case Studies

How to Sell Digital Advertising in 30 Minutes

Hyperlocal news publisher and creator of Broadstreet Kenny Katzgrau teamed up with Montclair Local's Annette Batson to deliver a highly polished and tactical webinar on achieving same-day closes with digital advertisers.

These publishers are using digital signage to grow audience & revenue. (3 Case studies)

Watch this "E&P Reports" Sponsored Webinar revealing how these three news publishers are taking advantage of the new, growing, impactful media of digital signage, to reach new readers and drive new revenue.

Alden Global Capital Mismanaged Employees’ Pensions, Federal Investigators Found

Comments

Journalists have no business reporting the personal details of Trump jurors

Q&A: Mandy Hofmockel on the story of the journalism jobs market

E&P launches 'Public Pulse' for public media executives

Carpenter Media Group to acquire The Daily Iberian

Would reinstating public editors bring back trust in media?

What does the future local website look like? Part 2

E&P’s 2024 class of News Media’s 10 to Watch

Exploring Temple University Klein College of Media and Communication