America’s Newspaper Business

June 15, 2021 James Heinsman Hedge Fund News

Newsrooms across the United States took a severe hit to operations during the pandemic, even while readership increased significantly. Like many businesses, it was an unstable and damaging time; more than 70 local newsrooms have shut down over the last year.

This problem has been in the works for more than a decade, as print has been overtaken by digital copy. Half of the newspapers in the U.S. today are owned or run by hedge funds and other financial firms, according to a study by the Financial Times.

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