From Common Dreams <[email protected]>
Subject “Destroyer of newspapers” buys Tribune publishing
Date December 3, 2019 8:05 PM
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Dear Friend,

A shockwave of horror ran through journalists everywhere last month when
a hedge fund known as a "destroyer of newspapers" bought Tribune
Publishing, the third largest newspaper chain in America. Worse yet, on
the very same day, Gannett, the parent company of USA Today and more
than 100 other dailies, completed its merger with GateHouse Media,
setting up another inevitable wave of layoffs. That's on top of 7,200
people losing their jobs in media between January and September and the
2,100 newspapers that have gone out of business since 2004. Today is
#GivingTuesday, and you'll be getting fundraising appeals all day for
good causes. But our democracy needs hard-hitting journalism that holds
powerful people accountable. So in addition to your other donations,
will you make gift to Common Dreams today and help keep nonprofit,
independent journalism alive?

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The journalism industry is under attack by not just shrinking ad
revenues, but pressure from corporate investors to turn a profit.
Newspapers that can't turn a profit close down. Mergers and downsizing
have gutted the newsrooms of the newspapers that remain. Meanwhile, TV
news has been reduced to opinion entertainment with virtually no
original reporting whatsoever. Through all of that, Common Dreams has
managed to keep going, and even thrive, because we are nonprofit and
rely not on advertisers and corporate investors, but you, our donors. No
corporate raider will ever buy us out. And in this age of dying
newspapers, we believe our approach could be the last best chance for
journalism. So today, on #GivingTuesday, will you donate to help support
Common Dreams and support nonprofit journalism?

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Thank you for all you do,

Kimberly Monaghan

Board Chair

for the whole Common Dreams news team

Donate Now

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