Posted on 04/26/2022 12:04:25 PM PDT by aimhigh
As a service to those who have outrage-induced amnesia or to those who are just ignorant of facts, I will remind everyone that the very richest owning media companies is the rule. Elon Musk, the World’s wealthiest owning media company Twitter will not be an exception.
We can go down a partial list.
Charles Ergen is worth about $10 billion and is the co-founder and Chairman of the satellite communications and TV Companies, Echostar and Direct TV.
Robin Li is the CEO and co-founder of Chinese search company Baidu.
Rupert Murdoch is the owner of a media empire that includes Fox News, The Times of London, The New York Post, and The Wall Street Journal. Rupert Murdoch is worth about $21 billion.
Zhang Yiming founded and owns a lot of Tik tok. His net worth is about $44 billion. The people get richer going down this list.
Jack Ma owns a lot of Alibaba. Alibaba owns a lot of social media site Weibo and video platform Bilibili.
Ma Huateng owns a lot of Tencent. Tencent owns WeChat and the messaging service QQ.
David Thomson owns the publishing and media conglomerate
Thomson Reuters. Reuters has the newswire that provides articles to most of the newspapers.
Mark Zuckerberg owns Facebook which also has WhatsApp, Instagram, and Messenger.
Carlos Slim Helu is Mexico’s richest man and owns 17% stake of The New York Times.
Michael Bloomberg owns Bloomberg.com and Business Week.
Warren Buffett has a big ownership stake in Verizon Communications. Verizon Media runs digital brands like Yahoo, TechCrunch, and AOL. . . . . .
(Excerpt) Read more at nextbigfuture.com ...
Warren Buffett owns the ABC TV station in Miami.
So now we have two sources of news/entertainment:
1. News/Entertainment censored by woke companies
2. News/Entertainment censored by woke billionaires
“People don’t want to pay for news or entertainment.
- Some forms of news/entertainment can be funded by ads.
- Some forms can’t and so need a very rich patron.”
You said it best. I can’t believe all the panic. Rich people controlling the news has always been the norm. Off hand, other than stuff printed by university students and then handed out, I can’t think of any regular people owning news outlets.
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