Nice to see more Canadian news outlets owned by a US hedge fund - that is sure to serve our public and national interests well /s. It only cost them 1 million dollars too [pocket change on their scale] to buy control of the largest newspapers in Atlantic Canada. That's pretty inexpensive for the amount of control over information and opinion it will provide. Absurdly inexpensive actually

The only real news is independent news

I think we as a society may have underrecognized the impacts of newspapers and traditional/smaller media companies going out of business and the consolidation of news companies. Like twitter, I don't think they're being bought for investment purposes, I think they're being bought for the sake of covertly spreading misinformation (which is a longer term investment for Big Money). I think a lot of people believe the ideas that are common in the news diet they consume, and those who wish to influence policy have found a pristine opportunity to shape that diet on a large scale for a bargain of a price (e.g., local newspapers facing bankruptcy and motivated to sell)

(Edit: here's a fitting headline from today- https://techcrunch.com/2024/08/29/x-caught-blocking-links-to-npr-claiming-the-news-site-may-be-unsafe/)