Private Equity’s Role in the Decimation of the Newspaper Industry

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Media blogger and Northeastern University Professor, Dan Kennedy, penned an interesting post on the role that private equity firms, like Alden Global Capital’s MediaNews Group, have played in the decline of the newspaper industry across the country by hollowing out newsrooms in order to maximize profits. Kennedy also discusses how some newspapers, like the Boston Globe and the Philadelphia Inquirer, have used innovative strategies to weather the economic storm that has engulfed once venerable papers, like the Denver Post and the San Jose Mercury News.