Another Hedge Fund is Sweeping Up Newspapers. This Time, Journalists are Cautiously Optimistic

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Hedge fund ownership of newspaper groups typically spells doom for the newsrooms. Just ask some of the former employees at the Denver Post who famously revolted against owner Alden Global Capital's order to cut staff.

But Chatham Asset Management's takeover of McClatchy — scheduled to be finalized on Tuesday — is actually inspiring some cautious optimism among its journalists.

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