The Hedge Fund Takeover of Local News Is Neither Inevitable Nor Unstoppable

With the news that Alden Global Capital, notorious for gobbling up newspapers and laying off reporters, is moving to acquire Lee Enterprises, one of the nation’s largest newspaper chains, it feels like the hedge fund takeover of local news is inevitable. Even without this acquisition, half of the daily newspaper circulation in the United States is already owned by hedge funds.

Hedge fund annexation can be stopped, but only if we look at the problem in new ways and accept that it will require government involvement.