Written by by Shannon Thaler at nypost.com
New York Daily News staffers walked off the job Thursday — the paper’s first work stoppage in three decades — to protest “chronic cuts” by its hedge fund owners that “shrink the budget to fill their pockets.”
About 40 members of the Daily News union walked a picket line in the rain around a Midtown Manhattan office building where the News maintains a co-working space that can fit only six people, according to union leaders.
The News — which bills itself as “New York’s Hometown Newspaper” — has been without a home since giving up its Lower Manhattan headquarters at the start of the COVID pandemic in 2020.
The 104-year-old tabloid was scooped up by notorious vulture hedge fund Alden Global Capital, which owns more than 200 newspapers, as part of a $633 million acquisition of Tribune Publishing in May 2021.
Under Alden’s thumb, Daily News workers have “quit in droves” — while new policies require the skeleton staff to get pre-approved for overtime pay.