Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Initech

(100,081 posts)
Sun Apr 8, 2018, 02:41 PM Apr 2018

NYT: Denver Post Rebels Against Its' Hedge Fund Owner

The Denver Post is in open revolt against its owner.

Angry and frustrated journalists at the 125-year-old newspaper took the extraordinary step this weekend of publicly blasting its New York-based hedge-fund owner and making the case for its own survival in several articles that went online Friday and are scheduled to run in The Post’s Sunday opinion section.

“News matters,” the main headline reads. “Colo. should demand the newspaper it deserves.”

The bold tactic was born out of a dissatisfaction not uncommon in newsrooms across the country as newspapers grapple with the loss of revenue that has followed the decline of print.

The move at The Post followed a prolonged, slow-burning rebellion at The Los Angeles Times, where journalists agitated against the paper’s owner, the media company Tronc. Newsroom complaints about Tronc’s leadership helped lead to the sale of the newspaper to a billionaire medical entrepreneur, Dr. Patrick Soon-Shiong, who had been a major shareholder in Tronc.
https://www.nytimes.com/2018/04/07/business/media/denver-post-opinion-owner.html


If you want to know why we have a world without facts, look no further than the consolidation of America's local newspapers. They have become nothing more than piggy banks for hedge fund billionaires. This has got to stop.
1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
NYT: Denver Post Rebels Against Its' Hedge Fund Owner (Original Post) Initech Apr 2018 OP
Oh so true. Wellstone ruled Apr 2018 #1
Latest Discussions»General Discussion»NYT: Denver Post Rebels A...