What Hedge Funds Do To Newspapers

[Chris Mathiesen sent me this note]

John,

You might want to mention in your blog the sad state of our local daily newspaper. While the paper itself has shrunk over the years and is now providing fewer local stories, the cost of subscribing to the hard copy has increased drastically. They are now charging me over one thousand dollars per year for seven day home delivery. However, according to their website, a new subscriber can get the same service for $372 a year ‘until they cancel’. Due to the outrageous amount that I was being charged, I converted today to the digital version only which will cost only $12.00 per month.

Chris Mathiesen

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