Marc Edge, Postmedia Effect: How Vulture Capitalism Is Wrecking Our News.

"Postmedia Effect: How Vulture Capitalism Is Wrecking Our News" by Marc Edge explores the decline of the newspaper industry in Canada due to the influence of hedge funds. The author highlights the actions of Paul Godfrey, the central figure at Postmedia Network, and criticizes his decisions, such as merging competing newspapers and prioritizing bond holders over shareholders. Edge argues that hedge funds have drained newsrooms financially, leading to the downfall of independent journalism. He also discusses the impact of government subsidies and suggests nonprofit journalism as a potential solution. The book emphasizes the need to protect the industry and explores the struggles between news publishers and tech giants like Google and Meta. [Extracted from the article]