New York Daily News Trying to Survive By Shifting Coverage to More Local News

From a story on by Sara Fischer headlined “New York Daily News plots local comeback”:

The New York Daily News plans to shift its coverage priorities toward producing more local content about issues impacting New York City, according to a memo sent to staff Tuesday morning by the paper’s executive editor Andrew Julien and general manager Michael Gates.

Why it matters: The memo praised the support for its strategy from its new owners, Alden Global Capital, a hedge fund known for cutting journalists at local papers to maximize profits.