Gaza Ceasefire, Children Migrant Shelters, Tribune Publishing: The News You Need To Start Your Day

Israel Agrees To Ceasefire With Hamas
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Palestinians celebrate the cease-fire agreement between Israel and Hamas on May 21, 2021 in Gaza City.

Good Morning. A cease-fire between Israel and Hamas came into effect overnight. That's one of a few headlines we're following. Will Jones, Rachel Treisman, Emily Alfin Johnson and Nell Clark are here. So let's get started:

  • The Israel-Hamas cease-fire is holding this morning, with both sides warning of retaliation should attacks resume.
  • Nearly 20,000 migrant children in the U.S. are being cared for in emergency shelters and immigration advocates are concerned about the conditions they're being held in. Here's what we know.
  • A possible sale of Tribune Publishing, which owns The Baltimore Sun and the Chicago Tribune, will likely lead to cuts in already strapped newsrooms.

Before You Go
Eleven-Year Search For Art Dealer's Hidden Treasure Ends On A Mysterious Note
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That's all from Morning Edition today but before we go, we wanted to let you know about an intriguing treasure hunt story from Planet Money's The Indicator podcast.

More than a decade ago, an eccentric millionaire named Forrest Fenn buried treasure somewhere in the Rocky Mountains and published a riddle to help people find it. The search for that treasure trove has now ended in a mysterious way.

The antique chest was supposedly filled with over a million dollars' worth of gold coins and rare relics. Word got out, and thousands of treasure hunters made a habit of descending on the Rocky Mountain states each year.

Some went too far. One dug up a cemetery in Yellowstone National Park; another interpreted the riddle to mean Fenn's granddaughter was the treasure and was arrested for stalking her.

The hunt was responsible for several partnerships and marriages, as well as five deaths starting in 2016.

It ended last year, when a medical student claimed the sought-after prize. But he hasn't revealed where he found it, and dedicated treasure hunters are trying to solve that mystery too.

Media
What The Potential Sale Of Tribune Publishing Could Mean For Journalism
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A hedge fund that's known for taking control of newspapers and then slashing their newsrooms is on the verge of buying Tribune Publishing.

The publications that operate under Tribune Publishing include some of the most famous papers in the country: The Chicago Tribune, The New York Daily News, The Baltimore Sun and The Orlando Sentinel, just to mention a few.

Hedge Fund Alden Global Capital To Buy Tribune Publishing
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A sign hangs on the side of the one of the building that make up the Freedom Center, home to the Chicago Tribune.

NPR's Media Correspondent David Folkenflik explains what this could mean for the future of journalism.

Who's the buyer? The prospective buyer is called Alden Global Capital. They've wanted to take over Tribune Publishing for several years now. They have a history of taking over newspapers. They ramp up expectations for profit margins and are known for slashing the number of journalists in newsrooms, to the point where newspapers are a shadow of what they used to be.

So what does that mean for the quality of journalism? Well, take a look at the San Jose Mercury. They used to have several hundred staffers in their newsroom. Now, it's a few dozen. When you cut your staff like that, it's really hard to hold public officials accountable, to provide checks on corporations and inform citizens in our current democracy.

Has there been any pushback to this potential purchase? There have been some grassroots efforts. One was led by an education reporter at the Baltimore Sun. They connected with fellow union members and identified a potential buyer, Stewart Bainum. He's a hotel magnate and a philanthropist who initially said he wanted to acquire the Baltimore Sun and run the paper as a non-profit. But that potential deal has fallen through.

And why would the shareholders be willing to sell Tribune Publishing to this hedge fund? At the end of day, it's a question of price. Alden is offering a price for each share which is far greater than what the stock market values it at.

You can listen to David Folkenflik's conversation on the Tribune Publishing sale with Steve Inskeep here.