The same miserable mob that mauled main street banks has plundered and pillaged newspapers across the country. Pursuing only profits, private hedge funds bought and stripped even long-lived legacy papers leaving them for dead. One in five local papers has shut up shop in the last 10 years, according to a recent report from the Knight Foundation.
Check out Laura Flanders report for the Next System, "Next System Media: An Urgent Necessity" and more coverage at our website in our archives.
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