Hedge Funds and The Future of Newspapers | KALW

Hedge Funds and The Future of Newspapers

17 minutes ago

Do you know who owns your local newspaper? You might assume its a massive media chain, but these days many papers across the country are actually controlled by hedge funds, with little interest in newspapers beyond the profit they can produce.

These disconnected, almost faceless firms are bleeding local papers for profits. But some journalists are organizing and fighting back, including here in the bay area. They are calling for local buyers to step up, and want the public service mission of newspapers to be fulfilled.

Guests:

Jason Blevins, former Denver Post writer

George Kelly, breaking news reporter with the East Bay Times

Laura Rodriguez, HOY Chicago reporter

Web Resources:

Alden Exposed

Hedge Fund Sued Over Bay Area Newsroom Layoffs

“As vultures circle, The Denver Post must be saved”

Saving the Free Press From Private Equity

Newsonomics: Alden Global Capital is making so much money wrecking local journalism it might not want to stop anytime soon