[woweeitsme]

Makes one wonder why anyone would want to “invest” in the newspaper business?

[Red Badger]

Need a tax write-off?...................

[Flick Lives]

Makes one wonder why anyone would want to “invest” in the newspaper business?

- -

If the purchase includes the buildings and land that might be valuable enough. But yeah, newspapers are not a 21st century investment.

[Vince Ferrer]

Makes one wonder why anyone would want to “invest” in the newspaper business?

Newspapers are a great investment if your other businesses depend on you molding public opinion.

[Salman]

My guess is the hedge fund is buying Gannett real cheap and expects to make a quick buck selling of the assets.

You can call that investing in the newspaper business if you like. ;)

[txrefugee]

Makes one wonder why universities still have bloated Journalism departments. You don’t need a college degree to be unemployed.

[Wally_Kalbacken]

It could only be for the underlying real estate value. When Bezos bought the Washington Post he paid $250M. But that included other properties (TV and radio stations, etc.) I saw analysts reports that suggested, after removing the value of those other properties, he paid close to $0 for the newspaper operations. That makes sense. The only buyers for newspapers today are either investors seeing value in other (non-print) assets, or uber-billionaires who want a megaphone to play with. Otherwise, it’s a dead industry.