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Technology Stocks : Media Industries: Newspapers, TV, Radio, Movies, Online
NFLX 1,103+0.6%Nov 7 9:30 AM EST

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Sam
To: S. maltophilia who wrote (7975)8/1/2025 5:41:50 PM
From: Ron1 Recommendation  Read Replies (2) of 8532
 
Quite a lead sentence:
'Alden Global Capital just can’t understand. Why would any newspaper not want to be the next to pass through its digestive tract?'

With its acquisition of Tribune Publishing in late May 2021, Alden is collectively the second-largest owner of newspapers in the United States, as calculated by average daily print circulation, second only to Gannett. [13]

(which is now, also a sorry excuse for a newspaper chain)

According to a 2008 filing with the Securities and Exchange Commission, Alden is a division of Smith Management LLC. [3] The company has its origins in R.D. Smith & Company, a firm founded by Randall Duncan Smith, initially using the $20,000 cash prize he and his wife won on the 1968-1970 gameshow Dream House. [24] In 1991, The New York Times described R.D. Smith & Company's business as "profiting from other people's misery by trading the stock and debt of troubled companies." [25]
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