Who knew they were still printing? Then again, who knew CNN was still broadcasting?

alden capital now owns, and is closing 200 newspapers

Hedge fund owner of the Daily News to outsource printing and fire 200.

The New York Daily News plans to outsource its printing operations to the North Jersey Media Group, which prints the Bergen Record, the Herald News of Passaic County and the Daily Record of Morris County.

The Daily News’ print operations would potentially be moving from its 15-year-old, state-of-the-art Liberty View facility in Jersey City to an older, non-unionized plant in Woodland Park, New Jersey. It is unclear how much the 102-year-old paper could save in the move.

The newspaper, which was sold by Tribune Publishing in early 2021 to Alden Global Capital, a New York-based hedge fund, as part of the firm’s acquisition of Tribune Publishing, has been under the gun to severely slash costs.

In a Tuesday memo to staffers, Daily News general manager Michael Gates said “prior public company ownership” had planned to discontinue the print edition, but “current ownership is committed to maintaining the print newspaper and that now requires us to find efficiencies that have become common in the industry by identifying a partner to handle production.”

Uh huh.

In 2017 Alden Capital managed to unload a collection of loser papers, including Greenwich Time, to Hearst for mere pennies; question how long Hearst will keep them alive — already, Greenwich Time has no editor, no reporter exclusively assigned to town, and mostly just reprints the AP feed. And as noted here last week, it’s assigned what little reporting that’s left to robots.