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“#NY Daily News owner Alden sues Lee after publisher rejects takeover bid” The Alden Global Capital hedge fund stepped up its attempts to buy Lee Enterprises this week, filing a lawsuit that accuses its board of denying shareholders of the newspaper publisher a voice in the matter. The publisher of the St. Louis Post-Dispatch, the…
“#New York Daily News appoints Andrew Julien executive editor” The New York Daily News said Friday it has appointed Andrew Julien as executive editor. Julien had been overseeing the Daily News editorial department on an interim basis since September, after editor-in chief Robert York was ousted in a surprise shake up. Most recently, Julien, 62,…
“#NY Daily News editor-in-chief Robert York out in surprise shakeup” The New York Daily News ousted its top editor in an unexpected shakeup on Monday. The 102-year-old paper said its editor-in-chief Robert York is being replaced on an interim and “as-needed” basis by Andrew Julien, the editor and publisher of its sibling publication, The Hartford…
“#New owner of NY Daily News mulling bankruptcy: source” The new owner of the New York Daily News is mulling a possible Chapter 11 bankruptcy filing for the New York City tabloid, a source tells Media Ink. “It is under consideration,” said a source with knowledge of the situation. “It is definitely on the table…
“#Tribune slashes pages 20 percent, sets early deadlines” Tribune Publishing’s newspapers including the New York Daily News and the Chicago Tribune this week found out what a new round of staffing cuts will mean for deadlines and the size of their papers — and the operative word, as elsewhere, is “tight.” In a Sunday e-mail…
“#Tensions rise for Daily News owner as 11 dailies join NewsGuild” Heath Freeman, president of the New York Daily News-owning hedge fund Alden Global Capital, may soon be sporting a moniker he is likely to detest: top union organizer in the country. On Friday, the National Labor Relations Board revealed that the Orange County Register,…
“#Union turmoil erupts at Daily News owner as hedge fund pushes buyouts” Tribune Publishing is asking all of its full-time editorial staffers to consider voluntary buyouts at all nine major metro dailies in the chain, which is now controlled by the cost-slashing hedge fund Alden Global Capital. But turmoil has erupted this week inside the…
“#Daily News spinoff stirs anxiety post Alden takeover” Rapid-fire changes underway at newspapers sold to cost-slashing hedge fund Alden Global Capital have led to a profound case of the jitters at newsrooms like the New York Daily News. On Monday, Daily News staffers were hit with the first bout of potentially bad news when they…
“#LA Times owner Patrick Soon-Shiong ‘despised’ for Tribune vote” The owner of the LA Times Dr. Patrick Soon-Shiong is taking a lot of heat for letting a cost-slashing hedge fund take over the parent of the New York Daily News and Chicago Tribune. On Friday, Soon-Shiong claimed he had abstained from the controversial vote on…
“#CEO of Tribune Publishing fired in wake of Alden takeover” The chief executive of Tribune Publishing, owner of the Chicago Tribune and New York Daily News, has been fired in the wake of the takeover by cost-slashing hedge fund Alden Global Capital. Terry Jimenez, with 20 years experience in publishing, was moved up to CEO…