skip to main content
skip to newscasts

Saturday, May 10, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump signals he is open to cutting China tariffs to 80% ahead of trade negotiations; Pope Leo XIV calls Church 'a beacon to illuminate dark nights' in first mass; Medicaid cuts risk health care access for VA military families; Does climate change 'perception gap' silence action in Mississippi? 'Forever families' needed for PA children in foster care.

view newscast page
play newscast audioPlay

A judge orders certification of the 2024 North Carolina Supreme Court race, Wisconsin Democrats want congressional maps redrawn, and the interim U.S. Attorney for District of Columbia loses the job over his support for January 6th rioters.

view newscast page
play newscast audioPlay

Volunteers with AmeriCorps are devastated by cuts to the 30-year-old program, Head Start has dodged elimination but cuts are likely, moms are the most vulnerable when extreme weather hits, and bullfrogs await their 15-minutes of fame in rural California.

Denver Post Workers to Owner: Invest in News or Sell

play audio
Play

Monday, May 7, 2018   

DENVER – Unrest between Denver Post workers and hedge fund owner Alden Global Capital is on the rise after editorial page editor Chuck Plunkett resigned late last week.

Workers at The Denver Post and other newspapers across the nation are set to protest Tuesday what they say are predatory management practices in Denver and at Alden's headquarters in Manhattan.

Post reporter Kieran Nicholson is the newsroom unit chair for the Denver Newspaper Guild. He says even though the Post made $28 million in profits last year, the company continues to cut staff and costs in ways that are unsustainable.

"They are busy stuffing their pockets as they wring this out,” he states. “And if it's to the community's detriment, if it's to the Post employees' detriment, they don't care. They just want to keep on racking in the profits, and we have to reverse that trend or stop that trend somehow."

Workers and supporters are calling for Alden to invest in the Post or sell it to someone who will.

A recent Neiman Lab report found that Alden's Colorado properties produced a 19 percent profit margin, and the company's strategy of continued cuts has produced the highest returns in the industry.

Attempts to contact Alden Global Capital or its subsidiary Digital First Media for a response so far have been unsuccessful.

After the most recent layoff announcement, the Post's newsroom is set to drop to just 70 from a staff well above 200, and other departments also have seen dramatic cuts.

Nicholson argues that ending Alden's shortsighted business model is the only way for the Post to continue its mission, for more than a century, of serving as a watchdog and trusted information source for Denver and Colorado.

"We feel that we help people make important decisions,” he states. “If it were to vanish or disappear, I think it would be detrimental to the community as a whole. Who's going to watch the powerful and hold them accountable?"

Newspaper workers plan to deliver a petition with more than 1,000 signatures to Alden president Heath Freeman.

Nicholson says the petition is a public cry asking the hedge fund to sell to local owners, or at least to an owner who is willing to reinvest earnings into journalism.


get more stories like this via email

more stories
The California Parent and Youth Helpline has helped almost 113,000 people since its inception in 2020. (kieferpix/Adobe Stock)

Social Issues

play sound

The California Parent and Youth Helpline turns five years old today - just in time for a brand new study that confirms its effectiveness. The study…


Environment

play sound

A Michigan group is speaking out after a top congressional leader's comment that lawmakers will most likely scrap the $7,500 federal tax credit for bu…

Environment

play sound

The Mississippi River is the drinking water source for 20 million people and its starting point in northern Minnesota has new protections following co…


The National Wildlife Federation said managed grazing is one of the top conservation practices used by South Dakota farmers and ranchers. (Adobe Stock)

Environment

play sound

A new mapping tool shows South Dakota is a big player on the farm conservation scene. The online feature coincides with a new poll, revealing most …

Social Issues

play sound

Sunday is Mother's Day, and what moms may need most is a day off. Research shows that inequities persist in the amount of time moms and dads spend …

Nevadans could save 16% on their utility bills by 2035 by pursuing cost-saving energy-efficiency measures, according to the National Renewable Energy Lab. (Scott Habermann/Adobe Stock)

Environment

play sound

Nevada clean-energy proponents have launched a new website to help connect Nevadans to energy and cost-saving programs. One of the nonprofits behind …

Social Issues

play sound

Ahead of Mother's Day, one Kentucky middle-school student has received recognition for honoring his grandmother in a "Grandparent of the Year" essay …

Environment

play sound

Nonprofits, businesses, organizers and leaders have signed a letter calling for more climate solutions in Arizona and around the country. They claim …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021