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03047aam a2200493 i 4500 001 5B8DEDB82E0111EFA856D47D28ECA4DB 003 SILO 005 20240619010048 008 230623t20242024ilu b 001 0 eng 010 $a 2023019469 020 $a 0252087569 020 $a 9780252087561 020 $a 0252045467 020 $a 9780252045462 035 $a (OCoLC)1385505628 040 $a DLC $b eng $e rda $c DLC $d OCLCF $d OCLCO $d JAS $d YDX $d BDX $d YDX $d UNL $d IaU $d SILO 042 $a pcc 043 $a n-us--- 050 00 $a PN4867.2 $b .S87 2024 082 00 $a 071/.30905 $2 23/eng/20230623 100 1 $a Susca, Margot, $d 1976- $e author. 245 10 $a Hedged : $b how private investment funds helped destroy American newspapers and undermine democracy / $c Margot Susca. 264 1 $a Urbana, Chicago : $b University of Illinois Press, $c [2024] 300 $a xi, 215 pages ; $c 23 cm 490 1 $a The history of communication 504 $a Includes bibliographical references and index. 505 0 $a The private investment era -- Democracy for sum -- Overharvesting -- Mergers and acquisitions -- The debt -- Neglected audiences -- Conclusion: ending the era. 520 $a "The ultrawealthy largely own and guide the newspaper system in the United States. Through entities like hedge funds and private equity firms, this investor class continues to dismantle the one institution meant to give voice to average citizens in a democracy. Margot Susca reveals the little-known history of how private investment took over the newspaper industry. Drawing on a political economy of media, Susca's analysis uses in-depth interviews and documentary evidence to examine issues surrounding ownership and power. Susca also traces the scorched-earth policies of layoffs, debt, cash-outs, and wholesale newspaper closings left behind by private investors and the effects of the devastation on the future of news and information. Throughout, Susca reveals an industry rocked less by external forces like lost ad revenue and more by ownership and management obsessed with profit and beholden to private fund interests that feel no responsibility toward journalism or the public it is meant to serve"-- $c Provided by publisher. 650 0 $a Newspaper publishing $z United States $x History $y 21st century. 650 0 $a Press and politics $z United States $x History $y 21st century. 650 0 $a American newspapers $x History $y 21st century. 650 0 $a Private equity $z United States. 650 7 $a American newspapers $2 fast 650 7 $a Newspaper publishing $2 fast 650 7 $a Press and politics $2 fast 650 7 $a Private equity $2 fast 651 7 $a United States $2 fast 648 7 $a 2000-2099 $2 fast 655 7 $a History $2 fast 776 08 $i Online version: $a Susca, Margot, 1976- $t Hedged $d Urbana : University of Illinois Press, 2023 $z 9780252055089 $w (DLC) 2023019470 830 0 $a History of communication 941 $a 1 952 $l OVUX522 $d 20240619012443.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=5B8DEDB82E0111EFA856D47D28ECA4DBInitiate Another SILO Locator Search