August 31, 2016
By Steven Wishnia and Neal Tepel
Denver, CO – Workers at 12 newspapers owned by Digital First Media will receive their first pay raises in as long as 10 years, as the last of the 12 ratified a three-year contract Aug. 18. They will receive a 3% raise in the first year, and bargaining on additional increases will begin in February.
The contract capped a seven-month nationwide campaign by the NewsGuild at Digital First’s newspapers, which include the Denver Post, the San Jose Mercury News in California, the St. Paul Pioneer Press in Minnesota, and the Trentonian in New Jersey. Digital First, which owns more than 200 daily and weekly newspapers, is owned by Alden Global Capital, a hedge fund that the union charged has “gone far above and beyond other media companies in decimating the American newspaper,” slashing staff and “gutting the very infrastructure of the nation’s news business for one reason only: quick, substantial profits for a small, unnamed group of investors.” Read more