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Hoffmann’s Bet on Local Newspapers | Richmond News
David Hoffmann, billionaire owner of the Pittsburgh Penguins and chairman of Lee Enterprises, is betting big on local newspapers — pouring tens of millions into print media amid industry-wide decline. Raised in a modest Missouri home, his love for community journalism began with his hometown paper and was fueled by his parents’ work ethic. Now, with Forbes billionaire status and a Horatio Alger Award for overcoming adversity, Hoffmann is reinvesting in newsrooms, hiring journalists, and launching initiatives like “The Bright Side” to spotlight local positivity. He believes print remains vital…
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