Alden Global Capital founder Randall Smith recently sold one of his many Palm Beach mansions for $5.5 million, according to the Palm Beach Daily News. The $1.9 million profit on the sale – purchased in a mansion-buying binge that began in 2013, after Alden became majority owner of DFM – would cover an annual raise of more than $3,900 for the 487 Guild-represented employees at 12 DFM newspapers nationwide.
For Alden Global Capital, $160 million in profits is not enough. Management for Digital First Media, speaking for its corporate masters at the New York vulture fund, rejected a modified wage proposal Thursday by the unions that comprise the DFM Caucus during wage negotiations in Philadelphia.
Union representatives will press management to increase the pay of workers at Digital First Media newspapers nationwide when wage negotiations resume on October 11 in Philadelphia. The message will be simple: Our award-winning employees deserve their share of the massive profits that DFM is earning from their work. Most DFM employees only have received one raise in 10 years.
Top executives at the hedge fund that owns Digital First Media must have felt terrible that employees at the newspaper company weren’t getting any raises in 2017. So they did something about it. They gave themselves a raise.
Members of the Bay Area News Group newsroom staff, winners of the 2017 Pulitzer Prize for breaking news coverage of the deadly Ghost Ship Fire, publicly denounced their corporate owner’s business practices Thursday.
Representatives of the 12 Digital First Media Guild bargaining units met jointly with DFM management in Denver this week in an effort to reach agreement on all DFM contracts.
June 17, 2016 East Bay Guild Bargaining Bulletin PLEASANTON — In the first significant conversations since the consolidation of the Bay Area dailies, East Bay Guild representatives met Friday with Digital First Media management to renew contract talks. The discussion focused on key open issues including pay, expenses and scheduling …
One thousand NewsGuild workers at 13 newspapers nationwide stand united today as we begin a new, more public phase of the Guild’s #NewsMatters campaign for fair contracts with Digital First Media.
Investigative reporter Thomas Peele once believed that supporting union efforts posed a conflict of interest to reporters. In this moving essay comparing his hardworking father’s life to his own, Peele reexamines that view.