Big Finance, Not the Internet, Is Killing the News

Earlier this month, the 50 remaining staffers at The Denver Post fought to save their paper from their hedge fund owner, Alden Global Capital. Facing steep cuts, the paper's editorial board took a stand in a blistering column. “We call for action,” the board wrote. “Denver deserves a newspaper owner who supports its newsroom. If Alden isn't willing to do good journalism here, it should sell the Post to owners who will.” A day after the editorial was published, 30 journalists were fired.