Reporters from Digital First publications around the country will rally outside Alden Global Capital’s office here in New York City to demand that the hedge fund that controls their newspapers, Alden Global Capital, either invest in its papers or sell them. The hedge fund is known for slashing and downsizing its papers to maintain high profit margins. Since 2010, Digital First Media has cut budgets and staffs at newspapers across the country, including the Oakland Tribune, the San Jose Mercury News and the St. Paul Pioneer Press. In recent months, Digital First Media cut 30 percent of the newsroom at The Denver Post. Meanwhile, the private company reported profits of almost $160 million in 2017 and a 17 percent operating margin—far higher than other newspaper publishers. DN! is joined by Noelle Phillips, a Denver Post police reporter, who says that her ability to be a watchdog for the city of Denver has been challenged by severe staff cuts at the paper.
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