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<blockquote data-quote="fishtm2001" data-source="post: 5978627" data-attributes="member: 54375">Brooke Gladstone: In recent years, billionaire owners have snapped up outlets like The Washington Post, The Boston Globe, The Atlantic, and others, with three of the top newspaper chains in the country are currently owned not by individuals or families but by private investment firms. According to Margot Susca, Assistant Professor of Journalism, Accountability, and Democracy at American University, we’re currently in the private investment era of media.Private equity firms and hedge funds may function differently in the marketplace but Susca says they have a similarly ravenous approach to buying up news outlets and selling them off for parts. Susca, author of Hedged: How Private Investment Funds Helped Destroy American Newspapers and Undermine Democracy, debunks the notion that it was solely the dawn of the internet that failed local news.</blockquote>

[QUOTE="fishtm2001, post: 5978627, member: 54375"] [B]Brooke Gladstone: [/B]In recent years, billionaire owners have snapped up outlets like The Washington Post, The Boston Globe, The Atlantic, and others, with three of the top newspaper chains in the country are currently owned not by individuals or families but by private investment firms. According to Margot Susca, Assistant Professor of Journalism, Accountability, and Democracy at American University, we’re currently in the private investment era of media. Private equity firms and hedge funds may function differently in the marketplace but Susca says they have a similarly ravenous approach to buying up news outlets and selling them off for parts. Susca, author of [I]Hedged: How Private Investment Funds Helped Destroy American Newspapers and Undermine Democracy[/I], debunks the notion that it was solely the dawn of the internet that failed local news. [/QUOTE]

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