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by jngreenlee
2412 days ago
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Worth a mention...Colorado Sun is a great example of what local journalists can do after local legacy organizations are snapped up by national/global organizations. After the Denver Post was acquired by Alden Global Capital, the paper's hedge fund owner,they laid of 1/3 of newsroom staff to maintain a profit margin on the property in the 20 percent range. Several of those laid off (and some volunteered to migrate), they formed the Colorado Sun, which is online-only and does actual deep investigations locally. It's probably still hard and the money isn't easy, but its better than what we had! |
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