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Readings in the salyut us there are many things threatening the United States freedom of the press these days hawk watchers from Government Agency infiltration be a retired intelligence and security agents like John Brennan James clapper running around cable news rooms influencing news stories as pundits and experts to major Government Contractors like multibillionaire jeff bezos buying a major news outlet like the Washington Post but those are the show youre more center stage examples theres actually another more insidious major threat to our press these days and its name is wall street and its crushing local newspapers across the country olympia snow smith writes and take on wall street that all over the country private equity and hedge funds have been scooping up these cash strapped papers and looting them into irrelevance or bankruptcy in fact between 20042800 United States lost. More than a 5th of the local newspapers in newsrooms at these local newspapers they lost half of their
T america boom bust producer brant job or an r t america correspondent john hardy thank you guys for joining me thank you for the boom bust team for coming out and daniel i want to start mask you actually these big private equity firms like all the global new Media Investment group who are buying up all these local papers all around the country and then slashing and burning them essentially how are they making money off of these scorched earth tactics like why are they even getting involved what whats the prize for them right now its a familiar formula similar to the essentially the same playbook that we saw in the 1980 s. Where people and corporate raiders would find need to stress kompany you know raid it divest it and then just get rid of the body essentially when they were done draining the blood and thats essentially whats happening in a similar way with these newspapers corporate conglomerates like as you mentioned all the acquiring the denver post Gatehouse Media recently acquir
A big problem just dumping on baby does not mean that we need to eat the babies and this is the big. Patrick just starting with you we have about 20 seconds each are we going to see more and more this kind of opposition this resistance to something. I think that what we was devoid of all cost is supposed to rise to a debate about these issues we need to understand both so as of the view as dr spring with us just said but we also need to listen to farmers whose experience who direct experience involving in a Sustainable Way needs to be listened to more than it has been in the polls but no polarized nation and please this is too important and we must get over this computer which is widely held at the moment dr springman. You know i agree we need to talk to each other we need to be respectful with each other and this debate should surely be guided by science if it were to be guided by science you wouldnt have statements like we need to eat our own children i would say because there are go