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"The demise of the real news reporting by our city and regional papers is a product of their profiteering owners," Jim Hightower wrote in the column that his longtime distributor refused to run. "Not the families and companies that built and nurtured true journalism, but the new breed of fast-buck hucksters who've scooped up hundreds of America's newspapers from the bargain bins of media sell-offs." (Photo: Jim Hightower)
For ten years, Jim Hightower's weekly column - Little Puffs of Populism - has been distributed week in and week out by Creators' Syndicate to newspapers around the country.
Not one problem.
Until this week's column titled Free The Free Press from Wall Street Plunderers.
"While Creators' reluctance to anger these powerful interests is somewhat understandable, the implications are frightening. It's one more example of this dangerous time for America's decreasingly-free press that, ironically, Jim lays out in this very column."
Earlier this week, Creators's Syndicate informed Hightower they were not going to distribute this one.
Why not?
"The big, hedge-fund owned newspaper chains that Hightower calls out in his column are big customers of theirs, and as such, they don't want to risk offending them," said Hightower assistant Melody Byrd. "But while Creators' reluctance to anger these powerful interests is somewhat understandable, the implications are frightening. It's one more example of this dangerous time for America's decreasingly-free press that, ironically, Jim lays out in this very column."
In a note to newspapers urging them to run the column anyway, Byrd wrote - "the American people deserve to know more about the entities that are squeezing so many of our community newspapers for cash and, in the process, choking our democracy."
Byrd said that Creators' Syndicate told her that while the hedge funds that Hightower fingered in his column don't own the syndicate, they do own many of the newspapers that the syndicate distributes to.
"The demise of the real news reporting by our city and regional papers is a product of their profiteering owners," Hightower wrote in the column. "Not the families and companies that built and nurtured true journalism, but the new breed of fast-buck hucksters who've scooped up hundreds of America's newspapers from the bargain bins of media sell-offs."
"The buyers are hedge-fund scavengers with names like Digital First and GateHouse," Hightower wrote.
"They know nothing about journalism and care less, for they're ruthless Wall Street profiteers out to grab big bucks fast by slashing the journalistic and production staffs of each paper, voiding all employee benefits (from pensions to free coffee in the breakroom), shriveling the paper's size and news content, selling the presses and other assets, tripling the price of their inferior product - then declaring bankruptcy, shutting down the paper, and auctioning off the bones before moving on to plunder another town's paper."
"By 2014, America's two largest media chains were not venerable publishers who believe that a newspaper's mission includes a commitment to truth and a civic responsibility, but GateHouse and Digital First, whose managers believe that good journalism is measured by the personal profit they can squeeze from it."
"As revealed last year in an American Prospect article, GateHouse executives had demanded that its papers cut $27 million from their operating expenses. Thousands of newspaper employees suffered that $27 million cut in large part because one employee - the hedge fund's CEO - had extracted $54 million in personal pay from the conglomerate, including an $11 million bonus."
"To these absentee owners and operators, our newspapers are just mines, entitling them to extract enormous financial wealth and social well-being from our communities."
This country and this world are at a monumental crossroads. US voters have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. If you share our vision, please contribute whatever you can to sustain our work. |
For ten years, Jim Hightower's weekly column - Little Puffs of Populism - has been distributed week in and week out by Creators' Syndicate to newspapers around the country.
Not one problem.
Until this week's column titled Free The Free Press from Wall Street Plunderers.
"While Creators' reluctance to anger these powerful interests is somewhat understandable, the implications are frightening. It's one more example of this dangerous time for America's decreasingly-free press that, ironically, Jim lays out in this very column."
Earlier this week, Creators's Syndicate informed Hightower they were not going to distribute this one.
Why not?
"The big, hedge-fund owned newspaper chains that Hightower calls out in his column are big customers of theirs, and as such, they don't want to risk offending them," said Hightower assistant Melody Byrd. "But while Creators' reluctance to anger these powerful interests is somewhat understandable, the implications are frightening. It's one more example of this dangerous time for America's decreasingly-free press that, ironically, Jim lays out in this very column."
In a note to newspapers urging them to run the column anyway, Byrd wrote - "the American people deserve to know more about the entities that are squeezing so many of our community newspapers for cash and, in the process, choking our democracy."
Byrd said that Creators' Syndicate told her that while the hedge funds that Hightower fingered in his column don't own the syndicate, they do own many of the newspapers that the syndicate distributes to.
"The demise of the real news reporting by our city and regional papers is a product of their profiteering owners," Hightower wrote in the column. "Not the families and companies that built and nurtured true journalism, but the new breed of fast-buck hucksters who've scooped up hundreds of America's newspapers from the bargain bins of media sell-offs."
"The buyers are hedge-fund scavengers with names like Digital First and GateHouse," Hightower wrote.
"They know nothing about journalism and care less, for they're ruthless Wall Street profiteers out to grab big bucks fast by slashing the journalistic and production staffs of each paper, voiding all employee benefits (from pensions to free coffee in the breakroom), shriveling the paper's size and news content, selling the presses and other assets, tripling the price of their inferior product - then declaring bankruptcy, shutting down the paper, and auctioning off the bones before moving on to plunder another town's paper."
"By 2014, America's two largest media chains were not venerable publishers who believe that a newspaper's mission includes a commitment to truth and a civic responsibility, but GateHouse and Digital First, whose managers believe that good journalism is measured by the personal profit they can squeeze from it."
"As revealed last year in an American Prospect article, GateHouse executives had demanded that its papers cut $27 million from their operating expenses. Thousands of newspaper employees suffered that $27 million cut in large part because one employee - the hedge fund's CEO - had extracted $54 million in personal pay from the conglomerate, including an $11 million bonus."
"To these absentee owners and operators, our newspapers are just mines, entitling them to extract enormous financial wealth and social well-being from our communities."
For ten years, Jim Hightower's weekly column - Little Puffs of Populism - has been distributed week in and week out by Creators' Syndicate to newspapers around the country.
Not one problem.
Until this week's column titled Free The Free Press from Wall Street Plunderers.
"While Creators' reluctance to anger these powerful interests is somewhat understandable, the implications are frightening. It's one more example of this dangerous time for America's decreasingly-free press that, ironically, Jim lays out in this very column."
Earlier this week, Creators's Syndicate informed Hightower they were not going to distribute this one.
Why not?
"The big, hedge-fund owned newspaper chains that Hightower calls out in his column are big customers of theirs, and as such, they don't want to risk offending them," said Hightower assistant Melody Byrd. "But while Creators' reluctance to anger these powerful interests is somewhat understandable, the implications are frightening. It's one more example of this dangerous time for America's decreasingly-free press that, ironically, Jim lays out in this very column."
In a note to newspapers urging them to run the column anyway, Byrd wrote - "the American people deserve to know more about the entities that are squeezing so many of our community newspapers for cash and, in the process, choking our democracy."
Byrd said that Creators' Syndicate told her that while the hedge funds that Hightower fingered in his column don't own the syndicate, they do own many of the newspapers that the syndicate distributes to.
"The demise of the real news reporting by our city and regional papers is a product of their profiteering owners," Hightower wrote in the column. "Not the families and companies that built and nurtured true journalism, but the new breed of fast-buck hucksters who've scooped up hundreds of America's newspapers from the bargain bins of media sell-offs."
"The buyers are hedge-fund scavengers with names like Digital First and GateHouse," Hightower wrote.
"They know nothing about journalism and care less, for they're ruthless Wall Street profiteers out to grab big bucks fast by slashing the journalistic and production staffs of each paper, voiding all employee benefits (from pensions to free coffee in the breakroom), shriveling the paper's size and news content, selling the presses and other assets, tripling the price of their inferior product - then declaring bankruptcy, shutting down the paper, and auctioning off the bones before moving on to plunder another town's paper."
"By 2014, America's two largest media chains were not venerable publishers who believe that a newspaper's mission includes a commitment to truth and a civic responsibility, but GateHouse and Digital First, whose managers believe that good journalism is measured by the personal profit they can squeeze from it."
"As revealed last year in an American Prospect article, GateHouse executives had demanded that its papers cut $27 million from their operating expenses. Thousands of newspaper employees suffered that $27 million cut in large part because one employee - the hedge fund's CEO - had extracted $54 million in personal pay from the conglomerate, including an $11 million bonus."
"To these absentee owners and operators, our newspapers are just mines, entitling them to extract enormous financial wealth and social well-being from our communities."