The papers make up the Southern California News Group, which is owned by Alden Global Capital — a New York hedge fund that has amassed one of the largest newspaper portfolios in the country while aggressively cutting costs at its properties.
After a 64-19 vote, the SCNG Guild now represents about 140 non-management editorial employees at the Register, Los Angeles Daily News, (Riverside) Press-Enterprise, (Long Beach) Press-Telegram, (Torrance) Daily Breeze, San Bernardino Sun, Pasadena Star-News, Inland Valley Daily Bulletin, San Gabriel Valley Tribune, Whittier Daily News and Redlands Daily Facts.
The news group joins the Media Guild of the West, a local chapter of the NewsGuild-CWA, which represents journalists at media outlets including the Los Angeles Times.
The vote comes at a time of rising union activity inside media organizations slammed by a waning print business and widespread competition for digital advertising and subscribers.
In the fast-changing newspaper landscape, Alden — which owns about 200 publications — has emerged as a power player, known for its acquisitions of properties including, most recently, the Chicago Tribune and the Denver Post, and its efforts to maximize its returns by quickly reducing costs.
Hedge funds own half of the daily newspaper circulation in the United States by some estimates. Last month, Alden purchased Tribune Publishing in a $630-million deal, acquiring the Chicago Tribune, the New York Daily News and the Baltimore Sun.
Friday’s vote is the latest in a wave of media organizations collectively organizing, fueled by concerns over consolidations, newsroom management issues and the industry’s general financial uncertainty. Journalists at Insider, formerly known as Business Insider, and tech workers at the New York Times unionized with the NewsGuild in April.
Local journalism from the smallest outlets is particularly under threat. Between 2004 and 2019, the number of local journalists across the United States has halved, according to research by the University of North Carolina. Since 2018, 300 newspapers have closed, 6,000 newsroom jobs have disappeared, and print newspaper circulation has fallen by 5 million.
No comments:
Post a Comment