Newspaper endorsements are fading away as prizes to be nabbed by political campaigns, the practice a victim of both the news industry's troubles and the era's bitter politics.
Earlier this month, newspapers controlled by Alden Global Capital said they would no longer endorse candidates for president, governor and the U.S. Senate. The newspapers in the hedge fund's portfolio include dozens of dailies like the Chicago Tribune, New York Daily News, Boston Herald, Orlando Sentinel and San Jose Mercury News.
