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A message from publisher Ellen J. Meany:

Alden Global Capital completed its purchase of Tribune Publishing this
week, forming what will be the second largest newspaper chain in
America. We know what comes next. Dubbed a local news "vampire," the
hedge fund will slash staff in newsrooms in Chicago, New York, Los
Angeles, and in smaller cities across the country.

We know this because Alden is known for being the industry's most
aggressive cost-cutter. And they're not trimming fat from bloated
organizations, but hacking away limbs to siphon off advertising dollars
intended for local investment to benefit Wall Street billionaires.

They've already done this at the Denver Post, San Jose Mercury News,
and the St. Paul Pioneer Press, among others.

It's truly a perilous moment in the journalism industry. When hedge
funds shutter newsrooms what's left is an information vacuum, where
the people with the power operate without scrutiny. It's nothing less
than an assault on democracy.

Independent media is needed now more than ever

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