How newspapers are being destroyed

Hasan Minhaj has another excellent show about how private equity firms are destroying the newspaper industry the way they have destroy so many other companies, by borrowing money to buy troubled companies, saddling those companies with that debt, squeezing as much money as they can by cutting jobs and selling assets and paying themselves huge fees, and then walking away leaving the companies to die.

Ah, the glorious working of capitalism!

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