Overview

• More than 200 reporters, photographers, and staff across seven newsrooms, including the Chicago Tribune, began a 24-hour strike to demand fair wages and protest budget cuts by Alden Global Capital.
• The strike is part of a broader movement within the U.S. news industry against the hedge fund's practices, including slashing budgets and cutting jobs.
• Journalists are protesting years of slow contract negotiations, demanding fair wages, and the continuation of their 401(k) match benefits.
• The strike represents the largest coordinated action against Alden Global Capital since it purchased Tribune Publishing in 2021, leading to significant debt and staff reductions.
• This action comes amid a tumultuous time for media outlets, with an increasing number owned by billionaires and facing layoffs, including significant job cuts at Time magazine, Conde Nast, and the Los Angeles Times.