Connecticut legislature hears testimony on the value of the Hartford Courant

A committee of the Connecticut state legislature heard compelling testimony March 18 about the value of The Hartford Courant to the local community and the threat that Alden Global Capital poses to it.

“The hedge funds and private equity [newspaper] owners lack an appreciation for journalism’s traditional civic mission,” testified Penny Abernathy, a professor at Northwestern’s Medill School of Journalism. “They view their newspapers as investments to be bought, sold, traded or shuttered.”

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