Vulture Capitalist Randall Smith's Hedgefund Alden Global Capital Shuts Oak Tribune

Vulture Capitalist Randall Smith's Hedgefund Alden Global Capital/Digital First Media Shuts 142 Year Old Oakland Tribune
https://youtu.be/iJNd73fMAt0
Hedge fund Alden Global Capital/Digital First Media has shut down the 142 year old Oakland Tribune on April 4, 2016 and may lay off up to 30 journalists who are members of CWA-TNG 39521 Pacific Media Workers Guild. Members and leaders of the this local leafletted and spoke out about the closure by Bay Area News Group which is owned by DFM and what it means to their members and the public's right to know what is happening locally.
The company is making a one day a week insert into East Bay Times which is an amalgamation of local community newspapers. Alden Global Capital owned by vulture capitalist Randall Smith owns Digital First Media and has a notorious national record of destroying local community newspapers and stepping up exploitation of journalists who remain.
The NewsGuild CWA has also launched a national campaign to defend their members and fight further consolidations. Oakland with a population of 400,000 now has no daily newspaper.
For more information
http://www.dfmworkers.org
#NEWSMATTERS
http://www.sfchronicle.com/business/article/Bay-Area-News-Group-consolidates-newspapers-6863720.php
Production of
Labor Video Project
http://www.laborvideo.org