Friday, May 4, 2018

Denver Post Editor Who Challenged Hedge Fund Owner Resigns

The editorial page editor at The Denver Post resigned on Thursday, a few weeks after he wrote a column criticizing the paper’s owners, The Hill reports.

The Denver Post reporters and local news outlet Denverite reported that Charles Plunkett resigned from his post, the latest casualty at a paper that has been ravaged by layoffs in recent years.

“It’s a tragedy what Alden Global Capital is doing to its newsrooms and what it’s doing to The Denver Post,” Plunkett told Denverite. “It’s an act of apostasy to our profession and I could no longer abide it.”

In an editorial published April 6, Plunkett wrote a piece fiercely criticizing Alden Global Capital, the hedge fund that owns The Denver Post and several other papers across the country.

“Since Alden took control, the decline of local news has been as obvious as it’s been precipitous,” he wrote.

“The smart money is that in a few years The Denver Post will be rotting bones. And a major city in an important political region will find itself without a newspaper,” he continued.

The photo associated with the column, which shows the sharp reduction in staff when the paper won a Pulitzer Prize in 2013 compared to its staff in April, quickly went viral.

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