A hedge fund’s ‘mercenary’ strategy: Buy newspapers, slash jobs, sell the buildings


"A hedge fund's 'mercenary' strategy: Buy newspapers, slash jobs, sell the buildings" by Jonathan O'Connell and Emma Brown for The Washington Post, Feb. 11, 2019

"At the dozen Digital First publications represented by the NewsGuild, the number of union jobs has declined nearly 70 percent, from 1,552 in 2012 to 487 in 2018. University of North Carolina researchers found, based on 12 newspapers, that Digital First has cut staff at a rate more than twice the national average during that time. "

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