Hedge Fund Follows U.S. Playbook With U.K. Newspapers Takeover


The collapse of Johnston Press Plc into the arms of a New York hedge fund marks an unusual twist in the long decline of the U.K.’s local newspaper industry.

In fact, it fits a pattern that has played out for years in the U.S., where hedge funds have become the new newspaper barons, acquiring hundreds of local titles and slashing costs as circulation falls.

Read more


No comments on this item Please log in to comment by clicking here

Scroll the Latest Job Opportunities From The Media Job Board