Earlier this month, newspapers controlled by Alden Global Capital said they would no longer endorse candidates for president, governor and the U.S. Senate. The newspapers in the hedge fund’s portfolio include dozens of dailies like the Chicago Tribune, New York Daily News, Boston Herald, Orlando Sentinel and San Jose Mercury News. They’re not alone. The days when a prominent endorsement would quickly make it way into a campaign ad or voters would clip out an editorial to take into the voting booth seem destined for history.
Publications owned by the hedge fund Alden Global Capital, the second-largest newspaper publisher in the country, will no longer endorse major political candidates in their opinion pages. In an editorial that is scheduled to run in papers as early as Friday, the company’s publications will tell readers that they will stop endorsing candidates in presidential, Senate and gubernatorial elections.
