by Julie Reynolds
The rebellion last week by The Denver Post’s editorial board against newspaper’s hedge-fund owners has spurred a national outcry, including front-page articles in The New York Times and coverage in The Washington Post. Finally, mainstream voices seem to get it that newspapers are a public trust, not an ATM for vulture capitalists. And they seem willing to consider the notion that newspapers are not endangered solely because the big, bad Internet made print obsolete. No, the public-trust function of newspapers is also endangered because greedy investors who care nothing for journalism are intentionally bleeding dry the newspapers they own.
A group of more public-spirited investors declared on Thursday (April 12) that they hoped to buy and save The Denver Post. That will require the agreement of Alden Global Capital, one of the slimiest corporate villains of our time.