Media-industry union members ask pension funds to stop investing in Cerberus Capital Management

Posted Tuesday, January 4, 2022 9:38 am

Tony Silber | MediaPost

Unionized media-industry workers are calling on public-sector pension funds to stop investing in Cerberus Capital Management, the private-equity firm backing Alden Global Capital, the hedge fund that owns the second-largest group of newspapers in the country.

Alden is known for aggressively cutting costs in newsrooms and laying off journalists.

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Media-industry union members ask pension funds to stop investing in Cerberus Capital Management

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