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A New York Hedge Fund Just Bought Sonoma County's Local Newspaper
The Press Democrat, the longtime local newspaper of Santa Rosa and Sonoma County, has been sold to MediaNews Group, a newspaper publisher owned by Alden Global Capital, a hedge fund based in New York.
The sale has raised alarms among North Bay journalists and residents, who fear that the company will continue its pattern of buying newspapers and then slashing staff. KQED’s Gabe Meline joins us to discuss the sale and its potential impact on the local media landscape in the North Bay.
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Published on 7 months, 3 weeks ago