David Hoffmann is a billionaire from Florida who has made a surprising move in the world of journalism. While many people believe that newspapers are dying, Hoffmann is betting that they still have a future. He recently purchased 5 percent of Lee Enterprises, one of the largest newspaper companies in America, and now he wants to take control of the entire company.

The Decline of Newspapers

In recent years, the newspaper industry has faced serious challenges. Many newspapers have close...