The director discusses the unfolding crisis for democracy as hedge funds buy news outlets with little regard for the reporting they produce.
When Rick Goldsmith contacted Julie Reynolds about potentially appearing in “Stripped for Parts: American Journalism on the Brink,” it was an unusually fortuitous time. Reynolds, once a reporter for her local newspaper The Monterey Herald in northern California, had been working on a story about Alden Global Capital, the hedge fund that had bought the publication and a host of others around the country in recent years with the express purpose of cutting them down to the bone to maximize their profitability before letting them wither away once they had been fully squeezed. When the impact could be felt all across the U.S. in taking over outlets such as the Denver Post, the Boston Herald and the St. Paul Pioneer Press, their activities were cloaked in secrecy that Reynolds had doggedly sought to uncover, doing so first for herself on a giant pinboard and although what it showed was grim, it could serve as a great illustration for the purposes of a film of what’s already been lost.
Read the full article here!
STRIPPED FOR PARTS 