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Denver Post staffers protest hedge-fund owner

Author: Allison Sylte, 9News - May 9, 2018 - Updated: May 9, 2018

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Denver Post employees stage a protestoutside the newspaper’s Adams County newsroom and printing plant on May 78, 2018. (KUSA-9News, Denver)

Denver Post employees from more than just the newsroom walked out of the newspaper’s Adams County headquarters Tuesday in protest of their hedge-fund owners.

The daily newspaper’s workers say New York-based Alden Global Capital has made unprecedented cuts and censored their efforts to expose what they’ve referred to as the firm’s “vulture capitalist” practices that have been detrimental to local journalism.

The Denver Post’s employees rallied for a new owner outside a newsroom that was moved several months ago from the heart of downtown to Washington Street in Adams County.

Other Denver Post employees went to Alden Global’s headquarters in New York City, where they cited what they call high profit margins that starkly contrast with the cuts the company has made at the dozens of newspapers it owns.

The action follows the announced exits of several Post editors — Chuck Plunkett, Dana Coffield, Larry Ryckman and Rebecca Risch — as well as former owner William Dean Singleton in the wake of repeated Alden cutbacks at the paper and its alleged order to Plunkett not to publish an editorial. The Columbia Journalism Review has since published Plunkett’s full editorial.

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Allison Sylte, 9News