On a cold Chicago morning last month, Gary Marx, a veteran investigative reporter, took his dog for a walk and then strolled over to the affluent Lincoln Park neighborhood. After being buzzed into the courtyard of a large house, he hand-delivered a letter urging the intended recipient to buy — or at least invest in — Mr. Marx’s journalistic home of more than three decades, The Chicago Tribune. Journalists are wary of Alden because of its cut-to-the-bone management strategy. In 2018, a group of writers and editors at the Alden-owned Denver Post published a special package devoted to attacking the company, which had enacted deep staff cuts at the paper. The lead article blasted Alden executives as “vulture capitalists.”

Source: New York Times January 26, 2020 19:30 UTC