“His View: What's newsworthy? Ask a hedge fund manager” by Todd J. Broadman for the Moscow-Pullman Daily News, Aug. 7, 2018
This column discusses the mindset of investment companies buying local newspapers. According to the author, the focus is on turning a profit rather than strengthening democracy at the grassroots level. Knight Chair Penny Abernathy discusses the long-range consequences of these decisions, including the creation of “ghost” newspapers, as well as the closure of 1,800 local newspapers over the past decade and a half.