Daily News workers walk out to protest owners Alden Global Capital who ‘shrink the budget to fill their pockets’

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.