I agree with Steve Cavendish's column in The Washington Post. Corporate greed and hedge funds are a clear and present danger to journalism. Other than big daily newspapers like the Post and New York Times, the wave of the future is likely to be non-profits.
I agree, Gannett is no paradigm of journalism. It instituted the 15 inch story and USA Today, a/k/a McPaper, with newspaper boxes designed to resemble televisions, and local newspapers with pretty layouts and empty of investigative reporting. If a hedge fund buys Gannett, it will get worse.
I have fond memories of the Tennessean when John Seigenthaler was President and Publisher.
It was a happier, healthier time, when my late friend and mentor, Nat Caldwell was chief investigative reporter, a time when the Tennessean fearlessly reported and investigated.
Pulitzer Prize winning investigative reporter Nat Caldwell dreaded the Gannett takeover of the Tennessean and died broken hearted.
From The Washington Post: