
Denver Post employees bash 'vulture capitalist' owner in print, online
Last month, the paper's owner, Digital First Media, controlled by New York hedge fund Alden Global Capital, said that massive job cuts would be hitting the Post's newsroom; cuts that took effect on Monday.
In the past few days, employees at the paper fired back at Alden; first in an online editorial that appeared on Friday, blasting Alden as a "vulture capitalist" owner and again in print on Sunday, with multiple print attacks against Alden.
On Friday, the Post posted a scathing editorial online, which included a graphic that illustrated the drastic newsroom cuts that have been made in the past five years. "Since Alden took control, the decline of local news has been as obvious as it’s been precipitous," read the editorial, which was the most-read feature of the paper as of Monday morning.
Sunday's print edition saw additional editorials, written by people such as former editor Greg Moore who took Alden to task, writing “we were a pretty good newspaper for a real long time. I will miss it if it is gone.”
The Post employee's writings gained national attention: On Saturday the New York Times posted a story online, "Denver Post Rebels Against Its Hedge-Fund Ownership" that was a front-page story in its Sunday print edition.
"Hoping to avoid the slow trudge to irrelevance or bankruptcy, the Denver paper took the stuff of newsroom conversation and made it public in dramatic fashion," the Times wrote.
After the latest round of cuts, it's estimated that there are about 60 newsroom employees at the Post.
BY Yuhe print
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