How the decline of local news affects coverage and communities - Poynter
Briefly

Ownership changed the next day - from family-owned Schurz Communications Inc. to GateHouse, which later also took over Gannett. Control switched from a family who wanted to make money while being active participants in their communities, to a private equity company that only wanted to make money.
We discovered we were not pursuing an evil entity that set out to destroy local news, but rather a construct that had one simple goal: to make money.
Read at Poynter
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