June 3, 2021

Local news had a bad week

Elahe Izadi joins us to discuss the complications and importance of local news outlets.

….and it’s having an even worse decade. Today we’re breaking down why that matters.

Last week, Alden Global Capital, a hedge fund infamous for buying local newspapers and slashing their budgets, closed its $633 million purchase of Tribune Publishing, promptly ousting the Chicago Tribune CEO. Elahe Izadi, a reporter for The Washington Post, joins us today to discuss the specs of the deal, why the local news business model is broken, and the consequences we will face if we let local news die.

Looking for an appetizer for Business Casual? Check out Alex's other business pod, Founder's Journal.