Journalism's two Americas

At the local level, newspapers continue to be gobbled up by hedge funds eager to slash jobs for profits. News veterans with more experience are often the first to go.

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Dozens of journalists at the Chicago Tribune have recently taken buyouts in response to the purchase of its parent company by a hedge fund known for slashing local newspaper jobs for profit.

A recent New York Times opinion piece about Julie Brown, the Pulitzer Prize-winning journalist at the Miami Herald who broke the story about Jeffrey’s Epstein’s abuses but often had to pay her own expenses, also underscores that discrepancy.

At the national level, venture money continues to pour into new outlets like Puck and Recount Media, among others, creating more opportunities for those that cover broad national topics, like media, influence, politics and technology.

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