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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.

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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.

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