A hedge fund’s ‘mercenary’ strategy: Buy newspapers, slash jobs, sell the buildings
For Alden and its subsidiary, the Gannett empire’s newspapers are clearly an attractive feature. But by purchasing the Memphis building and others like it, Alden has already begun coming for what it may consider a bigger prize: Gannett’s real estate. […] The tactics employed by Alden and Digital First Media are well-chronicled: They buy newspapers…















