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Being owned by a billionaire is a struggling newsroom’s dream. But it can turn into a nightmare Not all rich people spend their money on space travel and charities. Some also want to own media companies. Jeff Bezos has The Washington Post. John and Linda Henry have The Boston Globe. Marc and Lynne Benioff have Time magazine. Laurene Powell Jobs has The Atlantic. And soon, most likely, Stewart Bainum Jr. will have The Baltimore Sun. Bainum Jr., a businessman and former politician, is planning to take over The Baltimore Sun Media Group, a part of Tribune Publishing, and turn it into a nonprofit. But the rest of Tribune’s papers, which includes The Chicago Tribune and The New York Daily News, will likely be owned by Alden Global Capital, a hedge fund that has become synonymous with deep cost cutting measures at newsrooms. ....
Being owned by a billionaire is a struggling newsroom's dream. But it can turn into a nightmare kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.
Being owned by a billionaire is a struggling newsroom's dream. But it can turn into a nightmare ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.