Local panel discusses vulture capitalism and vanishing local news
The Edmonds Theater hosted a screening of the documentary "Stripped for Parts," which links the decline of local newspapers to hedge funds' predatory practices. Panelists, including League of Women Voters president-elect Brenda Mann Harrison, discussed the implications of this trend on democracy and civic participation. They noted that over 2,000 community newspapers have ceased operations in the last five years, highlighting the urgency of the situation. Michael Whitney of the Snohomish County Tribune emphasized the role of local news in providing neutral information, contrasting it with social media's unreliable narratives. The documentary also showcased reporters risking their jobs to fact-check publishers, illustrating the struggle for journalistic independence.
Audience members expressed shock at the information presented and sought actionable steps to support local news. The nonprofit My Neighborhood News Network, which covers several local communities, relies on donations and grants to sustain its operations. The discussion underscored the need for community engagement in preserving local journalism.