Vulture Company Looking to Scoop Up Press of Atlantic City Newspaper
Could the end be near for Atlantic City's only daily newspaper?
NJSpotlightNews.org is reporting that Alden Global Capital, the second largest owner of newspapers in this country has its sights set on the Press of Atlantic City.
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The news organization says Alden "has been called a 'vulture capitalist' for its pattern of buying newspapers, then gutting newsrooms and selling off assets while chasing profits."
Uh oh.
The paper has been paired down a lot in recent years with staff departures being more and more common.
Here's more on the story:
We wish good things for the workers at the Press of Atlantic City who certainly deserve better than being bought out by a "vulture capitalist."
SOURCE: NJSpotlightNews.org
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