The video below originally appeared on PBS on October 21, 2021. The full video can be found here.

The hedge fund Alden Global Capital has been acquiring scores of U.S. newspapers across the country — then gutting newsrooms and selling off assets. It’s part of a larger trend in the erosion of local news and related jobs in the last decade. A look at Alden Global Capital is the cover story of the latest issue of The Atlantic. Staff writer McKay Coppins joins John Yang with more.

This video was originally published on PBS by John Yang and Ryan Connelly Holmes. Find the full PBS video here.