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Download or read book Hedged written by Margot Susca and published by University of Illinois Press. This book was released on 2024-01-23 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold history of an American catastrophe The ultrawealthy largely own and guide the newspaper system in the United States. Through entities like hedge funds and private equity firms, this investor class continues to dismantle the one institution meant to give voice to average citizens in a democracy. Margot Susca reveals the little-known history of how private investment took over the newspaper industry. Drawing on a political economy of media, Susca’s analysis uses in-depth interviews and documentary evidence to examine issues surrounding ownership and power. Susca also traces the scorched-earth policies of layoffs, debt, cash-outs, and wholesale newspaper closings left behind by private investors and the effects of the devastation on the future of news and information. Throughout, Susca reveals an industry rocked less by external forces like lost ad revenue and more by ownership and management obsessed with profit and beholden to private fund interests that feel no responsibility toward journalism or the public it is meant to serve.

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Download or read book The Rise of a New Media Baron and the Emerging Threat of News Deserts written by Penelope Muse Abernathy and published by Center for Innovation and Sustainability in Local Media, University of North Carolina at Chapel Hill. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report, divided into four sections, documents dramatic changes over the past decade. With the industry in distress, local newspapes are shrinking, and some are vanishing. At the same time, a new type of newspaper owner has emerged, very different from traditional publishers, the best of whom sought to balance business interests with civic responsibilty to the community where their paper was located. As newspapers confront an uncertain future, the choices these new owners make could determine whether vast 'news deserts' arise in communities and regions throughout the country. This has implications not just for the communities where these papers are located, but also, in the long-term, for all of America."--page 5.

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