Chicago Tribune Journalists Push for Contract Deal, Accuse Hedge Fund Owner of Stripping Assets Ahead of Planned Rally – WTTW (Chicago)

In a Poynter op-ed from September calling on antitrust regulators to investigate hedge funds and private equity firms that own newspapers, Rebuild Local News president Steven Waldman wrote: “Half of the daily newspaper circulation in America is now owned by hedge funds or private equity firms. Studies (and our own eyes) have shown that when financial firms like Alden buy local newspapers they cut local reporting staffs far more than family papers or nonprofits do.”