Episode 631: MARGOT SUSCA-HEDGED: How Private Investment Funds Helped Destroy American Newspapers and Undermine Democracy

We all know the newspaper business is in trouble. A weekday edition of the LA Times - once a “national” newspaper, along with the NYTimes, Washington Post, and Wall Street Journal - now might be 32 pages and another 100 were recently laid off in the newsroom. The culprit is assumed to be the internet, stealing both stories and ads. Not so fast. I talk with MARGOT SUSCA, a former reporter, now a professor of Journalism, about her first book, HEDGED: How Private Investment Funds Helped Destroy American Newspapers and Undermine Democracy. Her assessment: “What we have is not a crisis of profit. What we have is a crisis of greed and growing inequality.”