Feb 5
2023
The Buffalo News is hemorrhaging journalists
When Warren Buffett sold The Buffalo News, employees took solace in the fact the new owners could have been worse. I did, too. At least it wasn’t Alden Global Capital, the Darth Vader of newspaper chains. Nearly three years into the new regime, it’s becoming apparent that it might as well have been Alden, as Lee Enterprises is following the same playbook. Cut the staff. Sell off the real estate. Strip the business of what other assets can be liquidated. Last week, four newsroom employees, with a collective 140 years of experience, “retired.” It was that or see less-tenured colleagues[...]