If the article can be taken at face value, then yeah, they're exactly company shares, and they will cause exactly the same issue that the Denver Post suffered.

If the article can be taken at face value, then yeah, they're exactly company shares, and they will cause exactly the same issue that the Denver Post suffered. The "good news", such as it is, is that that part of the article is bullshit. They won't grant you the holders a say in the paper's editorial processes. That control will instead reside with the person actually funding the paper, which will be... ...the billionaire Joseph Lubin. Meaning they've already got the same issue that the Denver Post suffered.