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Why newspapers are going out of business

from Mises Institute

It was announced last week that the Denver Post will soon be cutting one-third of its newsroom staff. The newsroom currently has 100 reporters, and that will soon be cut by 30 positions. Reporters and other observers quickly began to look for whom to blame. One reporter quickly blamed the hedge fund (Alden Global Capital) that owns the Post: "30 people to be cut from @denverpost by April 9. This hedge fund won't quit killing journalism to meet its bottom line." more

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