Joe Nocera, Columnist

With Alden Global, When It Rains It Pours

Payless is liquidating, Fred’s is shrinking, and Gannett is mocking its takeover bid. Did we mention the pension fund investigation?

April 24, 2019 at 10:00 AM UTC

Corrected

April 24, 2019 at 5:57 PM UTC

By Joe Nocera

Joe Nocera is a former Bloomberg Opinion columnist. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. He is the host and writer of the Bloomberg-Wondery podcast "The Shrink Next Door."

Try to keep the paper dry, please.
Photographer: Matthew Staver/Bloomberg

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

I bumped into a couple from Denver the other day who were spending a long weekend in New York City. We got to talking, and I asked them whether they read the Denver Post.

“No,” the man replied. “A hedge fund bought it and destroyed it.”