As hedge funds swarm, Denver Post leads revolt against 'vulture capitalists' [CNBC]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: CNBC
CNBC | Chloe Aiello Kieran Nicholson (center) has been a reporter with the Denver Post since 1986. The future of print media looks grim. A new PwC report forecasts print revenue will continue to decline through 2022, which doesn't bode well for newspapers that have fought through layoffs and cost cuts in recent years. The media industry on the whole has suffered as digital-native competitors like Facebook and Google consume increasing shares of advertising revenue. Print publications have been hit especially hard, as digital media becomes the choice medium for news consumption. In the meantime, opportunistic hedge funds and private equity firms have swooped in, buying up ailing newspapers and provoking accusations their profit-focused management styles accelerate the demise of print. The Denver Post has become the face of this struggle, due to an editorial published in its own pages lashing out against owners, New York-based hedge fund Ald
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CMCSA
Earnings
- 4/25/24 - Beat
CMCSA
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/17/24 - Form 4
- CMCSA's page on the SEC website