Alden Global Capital, a hedge fund that owns nearly 200 newspapers, including the Daily News, is now the target of a lawsuit by the NewsGuild of New York, and The Daily News itself. The Daily News is owned by Alden, which has been called “predatory” and a “vulture” company. Alden left out the unionized employees at the paper in negotiating a new health plan that would save it a considerable amount of money. And the Daily News was also accused of bad faith bargaining. The NewsGuild of New York, on behalf of the Daily News Union, has filed an unfair labor practice charge against both parties.
Read the full story by The NewsGuild of New York Local 31003, published here: https://www.nyguild.org/post/daily-news-union-takes-legal-action-against-newspaper-owner-alden-global-capital
