Cut. Cut. Cut.
Speaking of the former Troy Record building... One of the long simmering stories in the journalism world has been Alden Global Capital, the hedge fund that owns a controlling stake in Digital First Media, which in turn owns the Record and Saratogian (and many other papers). The company has washed its papers through bankruptcy and wrung them out for cash in recent years, and that's led to publicly-stated opposition from staff at outlets such as the Denver Post. Over at Nieman Lab, there's a piece this week that includes an overview of how Alden has basically been strip mining the DFM papers, with apparently more cuts on the way. [Denver Post] [Nieman Lab]
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