03-21-2021, 11:23 AM
(03-20-2021, 10:22 PM)danbrotherston Wrote:(03-20-2021, 10:00 PM)plam Wrote: James Fallows on why private equity ownership of newspapers is terrible and a couple of small-town US counterexamples:
https://www.theatlantic.com/notes/2019/0...sm/598225/
This is actually a really interesting distinction, that I hadn't explicitly seen in words before. And it's an important one. It's much broader than just newspapers.
So my question is, why are these super profit seekers still in the newspaper business if it isn’t profitable enough for them? Find some other business to manage to death.