Local-Journalism

NPR Documents How Hedge Fund Newspaper Ownership Creates News Deserts and Undermines Democracy - Over 2,500 Newspapers Closed Since 2005

2021-10-18 00:00:00 +0000 UTC | Importance: 10/10

On October 18, 2021, NPR published comprehensive reporting documenting how hedge fund ownership of local newspapers creates “news deserts” that cause measurable harm to democratic governance and civic life. The investigation revealed that since 2005, 2,500 newspapers have closed in the …

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Alden Global Capital Completes $633 Million Tribune Publishing Acquisition - "Vulture" Hedge Fund Becomes Second-Largest U.S. Newspaper Publisher

2021-05-21 00:00:00 +0000 UTC | Importance: 10/10

On May 21, 2021, Tribune Publishing shareholders approved hedge fund Alden Global Capital’s $633 million acquisition of the newspaper chain, making Alden the second-largest newspaper publisher in the United States. The transaction gave Alden control over nine major metropolitan dailies …

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