Hedge Fund Sued Over Bay Area Newsroom Layoffs
A local news writers union is accusing owners of Digital First Media, a news conglomerate which owns newspapers throughout California and beyond, of foul play, including mass layoffs in Pulitzer-winning newsrooms. Last week, Bay Area news union Pacific Media Workers Guild released a statement blaming a series of mass layoffs at the East Bay Times and the San Jose-based Mercury News on the reckless financial behavior of Alden Global Capital, owner of news conglomerate Digital First Media.