this post was submitted on 04 Jul 2023
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Hedge funds are the problem - look who owns the owners of Canadian newspapers and you'll see why newspapers are suffering. Shareholders want to see cash flow and if you can't get it selling subscriptions and classifieds, or getting a bailout to not cut staff or close papers, then you convince your buddies to pass a law forcing some other rich company to give you some of their cash flow. Google and FB are the current evil-du-jour so they pin this one on them.