New York (CNN Business) Reporters at the Chicago Tribune are trying to find a new owner for their newspaper.

They're doing it because they're afraid of Alden Global Capital's plans for all of the papers owned by Tribune Publishing.

Alden, a New York-based hedge fund, recently became the largest shareholder in the struggling publishing company. Alden has a terrible reputation in the newspaper industry due to its history of slashing jobs and sucking up short-term profits from other papers it controls.

"We're doing everything in our power to try to stop them," Gary Marx, a 31-year veteran of the Chicago Tribune, told CNN Business.

Over the weekend Marx and another one of the Tribune's top reporters, David Jackson, came out with an op-ed warning about the pernicious influence of Alden. "Unless Alden reverses course — perhaps in repentance for the avaricious destruction it has wrought in Denver and elsewhere — we need a civic-minded local owner or group of owners. So do our Tribune Publishing colleagues," they wrote.