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US billionaires becoming newspaper owners
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The group which owns The Chicago Tribune was targeted by little-known Swiss billionaire Hansjorg Wyss and Maryland hotel magnate Stewart Bainum.
PHOTO: AFP
Billionaires in the US have had a pretty good pandemic. There are more of them than there were a year ago, even as the health crisis has exacerbated inequality.
One arena in which the billionaires can still win plaudits as civic-minded saviours is buying the metropolitan daily newspaper.
