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+---
+date: '2022-12-11T09:27:05'
+hypothesis-meta:
+  created: '2022-12-11T09:27:05.220993+00:00'
+  document:
+    title:
+    - What if failure is the plan? | danah boyd | apophenia
+  flagged: false
+  group: __world__
+  hidden: false
+  id: -f33_nk1Ee2NpfvtJYAnCQ
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+    json: https://hypothes.is/api/annotations/-f33_nk1Ee2NpfvtJYAnCQ
+  permissions:
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+    read:
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+    update:
+    - acct:ravenscroftj@hypothes.is
+  tags:
+  - capitalism
+  target:
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+    - exact: "Throughout the 80s and 90s, private equity firms and hedge funds gobbled\
+        \ up local news enterprises to extract their real estate. They didn\u2019\
+        t give a shit about journalism; they just wanted prime real estate that they\
+        \ could develop. And news organizations had it in the form of buildings in\
+        \ the middle of town. So financiers squeezed the news orgs until there was\
+        \ no money to be squeezed and then they hung them out to dry."
+      prefix: 'st or Google drives me bonkers. '
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+    source: https://www.zephoria.org/thoughts/archives/2022/12/05/what-if-failure-is-the-plan.html
+  text: Wild that driving functional organisations into the ground could just be the
+    cost of doing business
+  updated: '2022-12-11T09:27:05.220993+00:00'
+  uri: https://www.zephoria.org/thoughts/archives/2022/12/05/what-if-failure-is-the-plan.html
+  user: acct:ravenscroftj@hypothes.is
+  user_info:
+    display_name: James Ravenscroft
+in-reply-to: https://www.zephoria.org/thoughts/archives/2022/12/05/what-if-failure-is-the-plan.html
+tags:
+- capitalism
+- hypothesis
+type: annotation
+url: /annotations/2022/12/11/1670750825
+
+---
+
+
+
+ <blockquote>Throughout the 80s and 90s, private equity firms and hedge funds gobbled up local news enterprises to extract their real estate. They didn’t give a shit about journalism; they just wanted prime real estate that they could develop. And news organizations had it in the form of buildings in the middle of town. So financiers squeezed the news orgs until there was no money to be squeezed and then they hung them out to dry.</blockquote>Wild that driving functional organisations into the ground could just be the cost of doing business
\ No newline at end of file