Hedge fund buys and makes cuts to local newspapers

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Published on 21 Oct 2021, 16:00
New York City hedge fund Alden Global Capital has become the second largest newspaper publisher in the U.S., but critics say its business model focuses on cutting staff and resources. McKay Coppin, a staff writer for The Atlantic, joined CBSN to discuss his reporting on what some have called the dismantling of local newspapers.

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