Duke University: Duke refuses to cut ties with hedge fund president who’s downsizing newspapers across the U.S.

Duke has accepted contributions from a hedge fund president and newspaper owner who has been slashing staff at profitable newspapers across the country. Now, a newspaper union wants the University to cut ties with him, but Duke isn’t budging.

Heath Freeman, Trinity ‘02, is a major donor to Duke and his family is the namesake of the Freeman Center for Jewish Life. His hedge fund, Alden Global Capital, owns Digital First Media—one of the largest newspaper chains in the country—and has cut staff at dozens of newspapers, including the Denver Post and San Jose Mercury News.

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