Talk:Alden Global Capital
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Merger proposal
[edit]- The following discussion is closed. Please do not modify it. Subsequent comments should be made in a new section. A summary of the conclusions reached follows.
- To not merge given uncontested objections; stale discussion and emerging events also diminish the validity of the proposal. Klbrain (talk) 16:01, 15 July 2023 (UTC)
I propose merging Digital First Media into Alden Global Capital. By far the most (if not all) discussions in reliable sources, when they talk about this newspaper chain, refer to it exclusively as AGC. For example, if layoffs are proposed or other editorial changes are afoot, they don't say "DFM ... etc., etc." They said "AGC...etc., etc." Novellasyes (talk) 20:03, 17 October 2022 (UTC)
- Oppose: Digital First Media appears to remain in existence as the holding company for the former MediaNews Group papers. Since Alden decided not to fold Tribune Publishing into Digital First, we need to differentiate the assets and chronicle the history of MediaNews Group. CR85747 (talk) 09:22, 13 November 2022 (UTC)
- Support Digital First Media appears to be a business division within Alden Global Capital and owned by Alden Global Capital. Keystone18 (talk) 22:40, 28 December 2022 (UTC)
- Oppose, on the grounds that readers are best served by having the media group separate from the hedge fund page. Hedge funds have a propensity for selling things, and a merge would render the contents highly unstable. Klbrain (talk) 09:40, 30 April 2023 (UTC)
Private Equity, Not a hedge fund
[edit]While I realize that the press commonly refers to Alden as a hedge fund , it really is much more similar to a private equity firm. Wikipedia says, correctly, that
'A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment performance and insulate returns from market risk. Among these portfolio techniques are short selling and the use of leverage and derivative instruments.'
While a private equity fund 'is a type of private capital for financing a long-term investment strategy in an illiquid business enterprise.'
Admittedly, because both hedge funds and private equity funds are notably opaque, it is hard to find references, but it is very clear that Alden holds illiquid business enterprises and I cannot find any indication that they trade liquid ones, do complex trading or short selling.
I do not know what the Wikipedia process is to make this change. It seems to me this is fundamental enough that I shouldn't just implement the change in edits without discussion, first. Jreiss17 (talk) 15:53, 4 December 2023 (UTC)
- I am planning to make this change in January if there are no objections or comments as to why not to do so. Jreiss17 (talk) 15:43, 19 December 2023 (UTC)