Private equity ownership worsens the decline of media institutions.

Evidence

The impact of PE’s financial engineering on the cultural industries should not be underestimated; as Matthew Crain notes in an early look at this phenomenon, “private equity ownership exacerbates the ongoing evisceration of our media institutions.” — Andrew deWaard, Derivative Media, 304

Categorization

• QUESTION: Crain’s early study is worth chasing for concrete mechanism detail on how PE eviscerates media firms.