Update 11/13/25: The agreement was ratified!
After three years of rallies, press conferences and contentious bargaining, unionized journalists at the Daily News finally reached a tentative agreement with Alden Global Capital, the predatory hedge fund that bought the paper in May 2021.
According to the NewsGuild of New York, Alden Global Capital immediately began to extract profits from the Daily News by slashing staff and selling off real-estate, including the newsroom offices in downtown Manhattan and the printing plant in New Jersey.
The “Too Tough to Die” resolution calling for Alden to agree to a fair contract added needed pressure to reach the agreement. It passed last week by a wide margin after union members staged a major rally outside New York City Hall in support of the resolution.
You can learn more about the agreement here.
STRIPPED FOR PARTS 