Bloomberg: The Hard Truth at Newspapers Across America: Hedge Funds Are in Charge
Coast to coast, financial firms are playing a bigger role at local papers struggling to adapt in digital age
Key quote:
“They’re not reinvesting in the business,” Ken Doctor, a longtime newspaper analyst and president of the website Newsonomics, said about Alden Global. “It’s dying and they are going to make every dollar they can on the way down.”
