4 ms·
Looks like Alden is a fund that just capitalizes on the fact that people are very slow in cancelling their subscriptions. It's nothing to be proud of and fittin
by jcfrei 5y ago
Looks like Alden is a fund that just capitalizes on the fact that people are very slow in cancelling their subscriptions. It's nothing to be proud of and fittingly their website doesn't provide you with any information about the fund or the team. But ultimately they just accelerate an inevitable change in the business model of journalism.
- drewda 5y agoAt many of these papers, advertising is the greater source of revenue than subscriptions.
- Denvercoder9 5y agoBut advertising only sells when you've got subscribers.
- dredmorbius 5y agoUntil recently. Advertising virtually completely dried up during the initial Covid shutdowns. It emerged that the Chicago Tribune wasn't even paying rent. https://therealdeal.com/chicago/2021/01/21/sterling-bay-sues-tribune-over-5m-in-skipped-rent/ https://therealdeal.com/chicago/2021/01/21/sterling-bay-sues...