PBS NewsHour

How and why this 'vulture' hedge fund buys, guts newsrooms

Clip: 10/21/2021 | 6m 59s | Video has closed captioning.

The hedge fund Alden Global Capital has been acquiring scores of U.S. newspapers across the country — then gutting newsrooms and selling off assets. It’s part of a larger trend in the erosion of local news and related jobs in the last decade. A look at Alden Global Capital is the cover story of the latest issue of The Atlantic. Staff writer McKay Coppins joins John Yang with more.

Aired: 10/21/21

Rating: NR

Problems Playing Video? | Closed Captioning

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