Media

I worked with guys like him when I was working for a hedge fund trader. Some of them were major jerks and it appears this guy fits the bill.

RIP McClatchy you will become another right wing disinformation newspaper disaster.

The silver lining, people who still read newspapers are educated and you’re going to lose your Investment in the long run when people stop subscribing to your newspaper. But sadly State pension funds are going to be screwed.

https://www.fastcompany.com/90228218/ohio-n-j-pension-funds-invested-625m-in-hedge-fund-that-controls-national-enquirer-parent

During the last five years, taxpayers in New Jersey, Ohio and California have owned large financial stakes in the owner of the media company that allegedly helped the Trump campaign bury negative stories, according to documents reviewed by Capital & Main and MapLight.

Under Republican governors, the two states committed at least $625 million of pension cash into Chatham Asset Management, a high-risk hedge fund that has taken control of the National Enquirer‘s parent company, American Media Inc., which is at the center of the federal investigation into President Donald Trump’s 2016 campaign. California’s pension fund also has a $235 million stake in a Chatham fund.