Dan Gillmor on Nostr: If you see an article about local newspapers in the U.S., please understand that the ...
If you see an article about local newspapers in the U.S., please understand that the majority of them are now controlled by so-called hedge funds / private equity. Those operations are owned and run by financial manipulators. They don't invest in ways that help anyone but themselves.
Their real business is looting.
They get away with it because the law encourages them to be looters.
Published at
2024-03-20 03:49:34Event JSON
{
"id": "d664a6f0e78fc2115da67eec0c87be05183b62eab25819919c538afa24f3fee9",
"pubkey": "012f3e11fdc1546a97c2791662d1ae6ab1a0d3ec3fe3ae31e861e59cfde1e3ed",
"created_at": 1710906574,
"kind": 1,
"tags": [
[
"proxy",
"https://mastodon.social/users/dangillmor/statuses/112125973251400958",
"activitypub"
]
],
"content": "If you see an article about local newspapers in the U.S., please understand that the majority of them are now controlled by so-called hedge funds / private equity. Those operations are owned and run by financial manipulators. They don't invest in ways that help anyone but themselves. \n\nTheir real business is looting.\n\nThey get away with it because the law encourages them to be looters.",
"sig": "4081b3951667aa51f98ffb2012c80c2077a2877d382cd153a0baea7d39383c4bae5db309bdc1bf10c3f2234cb1f53f4d908f4aaee9f5cb7093f47a5639993ccb"
}