Re:Nine States Face Economic Contraction, Most Since 2009 Cr...
by pjc50 on Monday January 06, 2020 @11:27AM
(#21970377)
On the contrary, the media consolidation that has left papers in the hands of a few individuals has been tremendously bad for journalism. The only safe types are either diverse private ownership (more than two owners) or blind trusts. Yes, this rules out a lot of existing news outlets.
Virtually all the UK papers are now narrowly owned by individual billionaires whose agendas are very visible in the paper.
Re:Nine States Face Economic Contraction, Most Since 2009 Cr...
by elliekelly on Monday January 06, 2020 @12:29PM
(#21971010)
Blind trusts are a political fiction.
Re:Nine States Face Economic Contraction, Most Since 2009 Cr...
by merpnderp on Monday January 06, 2020 @11:52AM
(#21970634)
Why would we treat Bezos any differently? At his level of rare air, making/breaking regulations is just as important to profit as playing in the market. He has a whole lot more on the line politically than any politician.
Is Jeff Bezos running for Political office too?
You just moved the line from running for Presidential party nomination, skipped over mayor of major city, and jumped right to billionaires.
Add on; If all of a sudden you can't be wealthy and own (part of?) a media company, it really hurts the quality of journalism; you'd be left with small town or independent blogs; more susceptible to fake news -- and, more concerning, fear of publishing.