Thanks to Randy Holhut for the thorough report.
Obviously, efficiencies can be gained by eliminating non-revenue-producing units such as reporters, editors, and especially longtime newsroom employees, who are all just drags on a newspaper's bottom line - it only makes sense.
It's not surprising that a hedge fund would have no more interest in the people who put together their “product” every day than Dean “I love newspapers” Singleton, the founder and chairman of Media News Group, who purchased the paper in the 1990s. I guess deep pockets only go as far as the next quarter.