First, there's no mention of the legal theory under which they're claiming damages. Is this something to do with caching, aggregation, AMP, or what? The only thing the article touches on is Google being a monopoly for ads, but that would seem to be a very small part of how Google contributed to undermining the news industry. Also even if these newspapers are successful, does anyone foresee any of the damages actually…
Well that's clever.
PE is known to do interesting things. I would not have thought that part of the value they saw in dying newspapers is a well-timed lawsuit against big tech. Even if it only has a 25% chance of winning, I could see PE taking that bet and baking it into the value of the scraps they bought.
Here's a good, long read about what's been going on with newspaper ownership.
https://www.theatlantic.com/magazine/archive/2021/11/alden-g...