Discover and read the best of Twitter Threads about #MomsForLobotomy

Most recents (2)

1/ Gannet(USA TODAY)/NewMedia sealed a billion dollar merger at the end of 2019 making it the largest corporate chain of local newspapers in the country, and its controlled by a few hedge funds. 🧵

nytimes.com/2019/11/19/bus…
2/ The merger was facilitated by Apollo Global Mgt and the first thing they did was to plan layoffs for journalism staffs, which had already been decimated by cuts over the last two decades as the internet has rapidly replaced print news in profitability.

latimes.com/business/story…
3/ New Media was owned by SoftBank, a Japanese owned investment firm with what seemed at the time to be a pretty soft spot for Trump, and an eagerness to aggressively expand it's direct foreign investments in the U.S.

niemanlab.org/2017/02/newson…
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