How The 21st Century “Moguls” Are Breathing New Life Into Newspapers

The last decade has been tough on newspapers. As news consumers moved online, newspapers took a hit, resulting in declining circulation, shrinking profits, and plenty of layoffs. And yet, a handful of wealthy individuals have purchased newspapers in recent years, hoping to turn things around. Jeff Bezos, founder of Amazon.com, and John Henry, owner of the Boston Red Sox, purchased the Washington Post and the Boston Globe respectively in 2013. And they’re not the only ones. But can they save the newspaper business? This hour, we look at the rise of the 21st century newspaper mogul, the potential benefits and consequences, and what it all means for the future of journalism in America.