Local newsrooms strained by budget-slashing financial firms


For two decades now — owing largely to the loss of advertising revenue to Facebook and Google — fewer and fewer Americans get their news, comics and sports from all those gazettes and tribunes and journals. But that doesn't tell the whole story. There's an additional threat: hedge funds and other financial firms that now own nearly a third of the daily papers in America.

Click here to read more and view the 60 Minutes segment.


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  • LonHaenel

    Watched it air last night on 60 Minutes. Thanks for sharing E&P!!

    Monday, February 28 Report this

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