National news stories rip owners of Vallejo Times-HeraldBy Roger Straw, October 23, 2021
Four national news sources have named the Vallejo Times-Herald in the last two weeks, in stories citing a corporate hedge fund that is gutting newspapers. (See links below.)
On Thursday, the PBS News Hour published How this ‘vulture’ hedge fund’s gutting of local newsrooms could hurt Americans. Judy Woodruff begins the discussion, “The hedge fund Alden Global Capital has been acquiring scores of U.S. newspapers across the country — then gutting newsrooms and selling off assets. It’s part of a larger trend in the erosion of local news and related jobs in the last decade.”
In three of the four national news stories, former Times-Herald reporter John Glidden is mentioned.
This reporter, John Glidden, told me that he started out as a general assignment reporter, which meant he was kind of covering local crime and community events and whatever came up. Within a few years, he was the only hard-news reporter left in town. He said he had this legal pad that he kept at his desk where he would write down tips that he got from sources. And a lot of them were tips for stories that he knew were important but that he would never get to. He was ultimately fired after criticizing Alden in an interview with The Washington Post. But, you know, when I talked to him, he said it was heartbreaking to see what this once-proud newspaper serving this proud city had been reduced to under Alden’s ownership.
– A Martinez, NPR Business News
Local readers should note that John Glidden has recently joined with Brian Krans and Scott Morris to publish an independent online news publication, The Vallejo Sun. Another former Times-Herald reporter, Katy St. Clair, also started her own online news medium, katystclair.com. The Benicia Independent has been in operation since 2007, providing news and views on Benicia, Vallejo, and select issues of concern including climate change and the environment.
Here are links to all four national news stories mentioning the Vallejo Times-Herald:
• How this ‘vulture’ hedge fund’s gutting of local newsrooms could hurt Americans (Full transcript)
PBS News Hour, by John Yang & Ryan Connelly Holmes, Oct 21, 2021
• When this hedge fund buys local newspapers, democracy suffers (Full transcript)
NPR KQED Business News, by A. Martinez, October 18, 2021
• The Chicago Tribune Is Being Murdered Before Our Eyes – And it’s a serial killing
GEN, by Cory Doctorow, October 17, 2021
• A Secretive Hedge Fund Is Gutting Newsrooms – Inside Alden Global Capital
The Atlantic, by McKay Coppins, October 14, 2021