Chicago Tribune and 6 Other Newsrooms Strike Against Alden Global Capital
Over 200 journalists and staff from the Chicago Tribune and six other newsrooms initiate a 24-hour strike to demand fair wages and protest against budget cuts.
- 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.