Yeah! I don’t work for free. In the way we ask people to support local art and local biz, we gotta support local news so we can keep reporters doing their thing.
Meta (example) is a trillion dollar company which was built on free content, and mostly from ad revenue. Perhaps the Denver Post could take a playbook from them in order to be profitable? Paywalls aren’t the answer… they’re better options, avoiding countless logins as the news is read.
Alden Global Capital, the hedge fund infamous for acquiring and stripping local newspapers, has expanded into the manufactured housing sector. In the last four years, Homes of America, an affiliate of Alden Global, has spent over $275 million to acquire over 10,000 manufactured housing lots.
Totally! Nobody hates Alden more than a local reporter who works for Alden. The reason people know how much Alden sucks is bc of the reporters who make noise so we can keep doing our jobs. Gotta support local news however you can!
I agree, and looks like $238 million in revenue with an “undisclosed” profit margin (estimates are 19%?), the $45 million clearly isn’t being spent on salaries. Still should be a better way…
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