I think this highlights an actually disturbing trend of billionaire’s buying establish mass media.
Laurene Powell Jobs buying Atlantic, Jeff Bezos buying Washington Post, Elon Musk buying Twitter.
Laurene Powell Jobs buying Atlantic, Jeff Bezos buying Washington Post, Elon Musk buying Twitter.
https://www.nytimes.com/2012/04/09/business/media/the-return...
Indeed, in the US many of the newspapers were started by political parties who used the papers to push their candidates.
Then the telecommunication act of 1996 happened and jettisoned a bunch of those rules “to foster competition”, which in fact predictably reduced competition. Later action prompted by the act (2003) made it even worse.
It has always been the case that rich & powerful folks tend to own media, but for a while we had pretty effective rules preventing any one entity from controlling too much of a given media market, which tempered that tendency. We got rid of much of that, with predictable results.
At least with billionaire owners it's taken as read there is going to be some nuance.