From John Curry
March 28, 2023
So...why is the Columbus Dispatch soooo protective of Bill Neville and STRS? I can answer this question with one word....MONEY! Some people say "money works in strange ways." I say it is not so strange when you see who the players are....but most people never take time to peek behind the curtain, do they?
I'll start by saying that STRS has hundreds of MILLIONS of dollars invested in one of the "players" ..."Apollo."
With the sweetheart connection below you can see why the Columbus Dispatch (a Gannett-owned newspaper) is in bed with Billy and his pals at STRS!
Slide 1 - a most recent listing of alternatives/hedge fund companies that STRS invests in. It was in their most recent CAFR.
Slide 2 - The history of the business arrangement of Apollo/Gannett/Columbus Dispatch
Slide 3 - STRS investments in Apollo as of March 2021. Now do you see why Laura Bischoff/the Columbus Dispatch are soooo friendly with Billy and STRS?
IF....IF STRS goes to indexed investing, they they will get rid of our hundreds of millions of dollars in Apollo! Apollo would't like that, would they? They just love STRS's fat and juicy investment fees with them, don't they? Neither would the Columbus Dispatch! Sorry, Laura!
Now do you readers see how the pieces of this giant puzzle are beginning to fit together???
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