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Dec. 08, 2024 10:04PM EST
Dec. 08, 2024 06:05PM EST
Jun. 17, 2021 06:22AM EST
Hong Kong police arrest executives from Jimmy Lai's pro-democracy newspaper
Hong Kong's Apple Daily said 500 police officers searched the pro-democracy newspaper's offices and arrested five senior executives, including its chief editor, on Thursday.
Why it matters: The arrests of the paper's chief editor, Ryan Law, along with its chief operating officer, two other editors and the CEO of Next Digital, which operates Apple Daily, were made under China's national security law — which gives the government broad power to limit people's political freedom.
- It's the second time Hong Kong police force have targeted Apple Daily under the law, after police arrested and detained the paper's founder, Jimmy Lai, and other executives last year.
- But this is the first time police have "cited media articles as potentially violating the national security law," Reuters notes.
Details: The executives were arrested on Thursday for "collusion with a foreign country or with external elements to endanger national security," per the newspaper and other Hong Kong outlets, including the South China Morning Post.
- Police said Apple Daily published a series of reports dating back to 2019 that "incited foreign countries to impose sanctions," Reuters reports.
Flashback: Jimmy Lai among Hong Kong pro-democracy leaders sentenced to prison
Editor's note: This article has been updated with more details of the raid and a new photo.
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May. 21, 2021 04:36PM EST
Tribune shareholders vote to approve takeover by cost-cutting hedge fund Alden
Shareholders for Tribune Publishing voted to approve a roughly $630 million takeover of its newspaper company by Alden Global Capital, a hedge fund known for cutting journalists at local papers to maximize profits.
Why it matters: A takeover almost certainly means job cuts at many of America’s most storied local papers, including The Chicago Tribune and The New York Daily News.
Between the lines: Journalists have been pleading with their communities to find a buyer to save the papers.
- A last-minute bid from a hotel magnate almost derailed the Alden deal, but ultimately fell apart when the suitor couldn’t pull together enough cash to compete with Alden.
- Unions representing journalists at many of Tribune's newspapers issued a statement on Friday expressing frustration that the shareholders had "voted to put profit and greed over local news in our country."
The big picture: Local newspapers have struggled to find their footing in the internet era, leading to dramatic consolidation. Hedge firms and private equity companies are increasingly consolidating local titles to cut costs for profit.
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