The Slippery Slope of the Oligarchy Media Model
The Slippery Slope of the Oligarchy Media ModelBy @RodneyBensonNYU & @VWPickard
On July 28, Apple heiress Laurene Powell Jobs bought a majority stake in The Atlantic.
Its the latest media purchase by the billionaire class, a group that includes Amazon founder Jeff Bezos (the Washington Post), Boston Red Sox owner John Henry (the Boston Globe), billionaire Glen Taylor (the Minneapolis Star-Tribune) and casino magnate Sheldon Adelson (the Las Vegas Review-Journal).
Some have praised this growing trend, arguing that wealthy individuals are journalisms last, best hope. And there are notable cases of rich philanthropists, like Pierre Omidyar and Gerry Lenfest, making significant donations toward public service journalism.
Nonetheless, potential hazards arise when news outlets increasingly rely on private capital and billionaires largess.
Read more at:
https://theconversation.com/the-slippery-slope-of-the-oligarchy-media-model-81931
tazkcmo
(7,300 posts)Hurry down to Crazy Donny's and snatch up your very own media outlet, government service or even "day old" Congressional reps!!! Yes, that's right, now you too can sway public opinion, transfer tax dollars to your account and even have your very own voice in Congress provided you're wealthy enough! These deals won't last long and when they're gone, they can still be acquired through shell companies, large conglomerates or gifted by that Congress critter you own now!
America. Now 50% off!!!!
The_jackalope
(1,660 posts)Some settling of contents may have occurred during shipping and handling. Void where prohibited. Does not include taxes, dealer prep, and destination charges. Not responsible or held liable for any consequential or incidental losses or damages. Use only as directed. Ask your doctor how America might be right for you.
tazkcmo
(7,300 posts)Just what the post needed.