Editor and Publisher Reports

218 A new film tells a story of how hedge funds are destroying local journalism.

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Sinopsis

Rick Goldsmith’s website: New Day Films states that his mission as a filmmaker is to “tell stories that encourage social engagement and active participation in community life and the democratic process, and to stimulate young minds to question the world around them.” And when one watches his latest work: “Stripped for Parts: American Journalism at the Crossroads,” a 90-minute documentary that tells the tale of how hedge fund Alden Global Capital’s entry into the news publishing industry has dismantled local newspapers “piece by piece,” creating a crises within the communities they serve, leaving “news deserts” and “ghost papers” in their wake. A posted synopsis about the film by Goldsmith, states “Ours is a cautionary tale: What is lost when billionaires with no background nor interest in a civic mission, who are only concerned with profiteering, take over our most influential news organizations? What new models of news gathering, and dissemination show promise for our increasingly digital age? What can the p