News for hackers. Stuff that matters.
Re:These 15 Billionaires Own America's News Media Companies ... by fatsdomino001 on Sunday February 14, 2021 @03:41PM (#26136075)
That America and other countries have allowed the consolidation of media companies to such a degree is a large part of the reason why we're having so many problems today.
Re:These 15 Billionaires Own America's News Media Companies ... by RGamma on Sunday February 14, 2021 @05:53PM (#26137061)
Not treating journalism as public utility/service with high standards for integrity has something to with it.

Compared to German standards, substantial parts of journalism in the US is a joke (an unfunny one, watching Fox News feels like a fever dream for instance). Too much bias and pollution with opinion and entertainment (opinions are fine, but only if clearly demarcated and from someone who has skin in the game and knows what's up, not random shrill plastic lady), too little self-reflection/introspection, too much clickbait, too short memory, blatant disregard for journalistic best practices. That said, the harsh financial environment there is at odds with sober, analytical (=boring) reporting.

Too bad "öffentlich-rechtlicher Rundfunk" (or information about it for that matter) basically isn't available in English, it would do well to lead by example (I've seen dw mentioned but that's a drop in the ocean really).

That said current US societal problems have a more complex etiology than just media consolidation, but it really doesn't help to have the "mirror of society" blunted as much.

Re:These 15 Billionaires Own America's News Media Companies ... by zapnuk on Sunday February 14, 2021 @06:51PM (#26137456)
Not to mention the endless commercials...

How do the viewers of CNN, Fox, MSNBC not recognize that the guests cannot make substantial points about policies when their discussion is interrupted every 5 Minutes for commercial breaks?

Also, the USA has PBS, which is for a large part financed through a public fund (taxes). I don't know whats wrong with it but I assume by now most of the tv-watching audience is "trained" to watch opinion pieces on Fox&CNN instead of actual news.

Re:These 15 Billionaires Own America's News Media Companies ... by lostcolony on Sunday February 14, 2021 @07:22PM (#26137633)
It's not 24/7 news, so the newshounds can't get their fix.

And those who'd watch Fox and it's even more biased ilk will view PBS as purely liberal propaganda.

Re:These 15 Billionaires Own America's News Media Companies ... by libraryatnight on Monday February 15, 2021 @02:07AM (#26139970)
I watched PBS News Hour the other day and it was refreshing. It had only a reasonable portion of the episode dedicated to what CNN had already been flogging to death for the entire day. Then they had an interesting piece on declining interest in trade jobs. It was interesting, informative, and I never felt shouted at or goaded.
Re:These 15 Billionaires Own America's News Media Companies ... by RickJWagner on Sunday February 14, 2021 @09:43PM (#26138477)
PBS is funded by taxpayer dollars.

Assuming every news source tends to have some degree of bias, do you imagine they would tilt towards bigger government or smaller government?

Re:These 15 Billionaires Own America's News Media Companies ... by deepnotderp on Sunday February 14, 2021 @06:35PM (#26137361)
Yes, turn over more power to the German government, that's historically worked very well.
Re:These 15 Billionaires Own America's News Media Companies ... by ulfw on Sunday February 14, 2021 @08:50PM (#26138172)
"Thiel Fellow" says it all
Re:These 15 Billionaires Own America's News Media Companies ... by xtracto on Sunday February 14, 2021 @05:13PM (#26136759)
A very long time ago (15 years maybe?) there was a great internet site (I don't remember the name anymore) which showed a graph of top ~100 largest companies in the USA, their CEOs and their boards.

When expanding the graph you could basically see that the same 30 or 40 people where in the boards of major companies, from Pepi to Johnson&Johnson to Microsoft to Fox and other communication companies.

It showed a really interesting picture of how really consolidated the control was at the top.

Re:These 15 Billionaires Own America's News Media Companies ... by DerDangDerDang on Sunday February 14, 2021 @05:35PM (#26136932)
Wow I was surprised it was so long ago! Assuming you were thinking of theyrule - seems it’s sort of still online but requires flash

http://www.theyrule.net/2001/

Re:These 15 Billionaires Own America's News Media Companies ... by xtracto on Monday February 15, 2021 @10:39AM (#26143705)
Oh my god, yes this is it! and yes it was in Flash. I had completely forgotten about the name but clearly remembered the site. Thanks for bringing it back.

EDIT: I tried to run the SWF file on Ruffle but there is no data. I can imagine that the SWF contacted some backend server to load data which is no longer available.

Re:These 15 Billionaires Own America's News Media Companies ... by DerDangDerDang on Wednesday February 17, 2021 @08:12PM (#26174203)
Any idea if this sort of data is still available?

I’m kinda sad that theyrule didn’t live on and become an institution, honestly

Re:These 15 Billionaires Own America's News Media Companies ... by imgabe on Sunday February 14, 2021 @05:37PM (#26136951)
I believe it was http://theyrule.net Unfortunately, it looks like it's no longer up. You can find the home page on the Wayback machine[1] but it looks like the data was all in Flash.

http://web.archive.org/web/20080901010712/http://www.theyrul...

Re:These 15 Billionaires Own America's News Media Companies ... by rangibaby on Monday February 15, 2021 @04:49AM (#26141019)
Rotten.com (really) had a great tool that showed connections between people on a graph: https://en.m.wikipedia.org/wiki/NNDB
Re:These 15 Billionaires Own America's News Media Companies ... by bndw on Sunday February 14, 2021 @07:19PM (#26137610)
I'm interested in this sort of data. Anyone know of any public APIs or indexes containing the executive teams of public companies?
Re:These 15 Billionaires Own America's News Media Companies ... by ajmadesc on Sunday February 14, 2021 @08:49PM (#26138164)
Interlocking directorate
Re:These 15 Billionaires Own America's News Media Companies ... by dmurray on Sunday February 14, 2021 @06:52PM (#26137461)
The headline is misleading. The article body doesn't claim that these 15 billionaires (actually it lists 20+, but focuses on the majority partners) own all, or any overwhelming majority, of US news media. It describes itself more accurately as

> Here’s a look at some of the billionaires who own news media in the United States

Many news outlets are instead owned by publicly traded companies: News Corp, Disney, the New York Times. Plenty more are small businesses.

Yes, there have been mergers and acquisitions, but I would say it's more fragmented than many other healthy industries. If you just read the headline and thought "it's unconscionable that these 15 people should own 50% (or whatever) of US news media assets", what number would you think reasonable? 30? 100? 1000?

Re:These 15 Billionaires Own America's News Media Companies ... by meowkit on Sunday February 14, 2021 @07:04PM (#26137522)
This is really an argument between big corps operating on scale + M&As vs. small local businesses.

I think we should favor more news outlets than fewer (a specific threshold is a loaded question) that have outsized influence at the local level. These large media companies are living off clickbait and pandering to echo chambers and not on 4th estate accountability, or providing real value to peoples lives.

Re:These 15 Billionaires Own America's News Media Companies ... by duxup on Sunday February 14, 2021 @03:53PM (#26136158)
How do you connect that to 'why we're having so many problems today'?
Re:These 15 Billionaires Own America's News Media Companies ... by dd36 on Sunday February 14, 2021 @04:15PM (#26136329)
Reduced diversity of opinion. Financial incentive to not cover or obfuscate news that would undermine their power. Case in point, Occupy Wall Street.
Re:These 15 Billionaires Own America's News Media Companies ... by azinman2 on Sunday February 14, 2021 @05:23PM (#26136840)
Occupy Wall Street was hardly not covered. If anything, it probably got a disproportionate amount of coverage given the small numbers of people and the lack of coherent demands.
Re:These 15 Billionaires Own America's News Media Companies ... by dd36 on Sunday February 14, 2021 @08:13PM (#26137936)
It wasn’t a lack of coverage but the intention to make them all look silly by focusing on the silliest among them.
Re:These 15 Billionaires Own America's News Media Companies ... by threatofrain on Sunday February 14, 2021 @04:55PM (#26136632)
Is it obvious that we have reduced diversity of opinion?
Re:These 15 Billionaires Own America's News Media Companies ... by keiferski on Sunday February 14, 2021 @05:00PM (#26136674)
Re:These 15 Billionaires Own America's News Media Companies ... by 542458 on Sunday February 14, 2021 @05:17PM (#26136788)
To clarify, these are all stations owned by Sinclair Broadcast Group, which is the largest television station conglomerate in the United States. They've been pretty aggressive in buying up local stations, and have a reputation for exerting fairly strong editorial control and enforcing "must-run" opinion segments.

One study found that local stations bought by Sinclair reduce coverage of local events, increase coverage of national politics, and shift rightward in tone compared to other stations of the same area. http://joshuamccrain.com/localnews.pdf

To be honest, I'm not sure this shows lack of diversity of opinion - but it does show how consolidation of news media allows a handful of people to use local stations as sockpuppets for their beliefs in a way that hides the origin of the message.

Re:These 15 Billionaires Own America's News Media Companies ... by duxup on Sunday February 14, 2021 @06:30PM (#26137328)
>Reduced diversity of opinion.

Is there?

Re:These 15 Billionaires Own America's News Media Companies ... by hh3k0 on Sunday February 14, 2021 @06:43PM (#26137397)
“The beauty of the system, however, is that such dissent and inconvenient information are kept within bounds and at the margins, so that while their presence shows that the system is not monolithic, they are not large enough to interfere unduly with the domination of the official agenda.” Manufacturing Consent: The Political Economy of the Mass Media
Re:These 15 Billionaires Own America's News Media Companies ... by duxup on Sunday February 14, 2021 @07:10PM (#26137550)
Is that happening?

I was really hoping someone was actually checking beyond quotes, sentiment, and their own topics not getting enough airtime.

Re:These 15 Billionaires Own America's News Media Companies ... by hh3k0 on Sunday February 14, 2021 @07:29PM (#26137660)
I take it that you didn't follow the Democratic Primaries? The mass hysteria that ensued on all channels when Bernie Sanders was leading the race, to be specific.
Re:These 15 Billionaires Own America's News Media Companies ... by duxup on Sunday February 14, 2021 @10:51PM (#26138852)
I didn't see any mass hysteria.
Re:These 15 Billionaires Own America's News Media Companies ... by hh3k0 on Sunday February 14, 2021 @11:27PM (#26139094)
Seth Meyers is one of the few who addressed it: https://www.youtube.com/watch?v=Zjj7VJpqy1w. And that's just a minuscule fraction, the reporting was downright shameful across the board. You'd watch 10 channels and read 10 newspapers reporting on Sanders and you'd feel as if it was 1 channel and 1 paper. One has to wonder if that was due to Bernie proposing to break up internet and cable titans and to introduce a wealth tax. The cable titans own the majority of channels, after all: https://en.wikipedia.org/wiki/Media_cross-ownership_in_the_U.... And the newspaper owning billionaires probably didn't like the wealth tax idea too much either.
Re:These 15 Billionaires Own America's News Media Companies ... by danielscrubs on Sunday February 14, 2021 @04:09PM (#26136283)
Not the op, but I think any consolation of media will make people care less about their neighborhood and more about the world, which might be a good and a bad thing. Bad in that local news are often a tiny bit more actionable and social building, and good in that it makes progress faster.

I remember when I moved to another country and was absolutely shocked that they had local restaurant reviews on the news channels. Really appreciated it instead of all the doom and gloom. I visited quite a lot of them!

Re:These 15 Billionaires Own America's News Media Companies ... by dfmooreqqq on Sunday February 14, 2021 @04:49PM (#26136581)
To be fair, lots of local nightly news shows in America have local restaurant reviews. My parents live outside of Asheville, NC, and their local nightly news on all the broadcast channels carries restaurant reviews and lots of "around town" happenings.
Re:These 15 Billionaires Own America's News Media Companies ... by alisonkisk on Monday February 15, 2021 @09:08AM (#26142877)
Have they ever aired a negative review?
Re:These 15 Billionaires Own America's News Media Companies ... by medlazik on Sunday February 14, 2021 @04:09PM (#26136286)
It's the #1 reason why so many people have been voting against their own interest for the past 20 years
Re:These 15 Billionaires Own America's News Media Companies ... by coldtea on Sunday February 14, 2021 @06:20PM (#26137258)
You mean why they don't vote what others that know better think "their own interest" should be?
Re:These 15 Billionaires Own America's News Media Companies ... by refurb on Sunday February 14, 2021 @05:51PM (#26137048)
Most of the major media companies have a pro-Democrat bias. Is that what you mean?
Re:These 15 Billionaires Own America's News Media Companies ... by medlazik on Sunday February 14, 2021 @06:08PM (#26137178)
Democrats and Republicans only differ on societal issues. Smoke and mirrors pushed by the billionaires to avoid talking about the insanity that is unregulated capitalism, the only issue that actually matters.
Re:These 15 Billionaires Own America's News Media Companies ... by coldtea on Sunday February 14, 2021 @06:28PM (#26137318)
Yep.

"It's ok to fuck the lives, communities, job prospects, etc. of blacks, latinos, gays, lesbians, whites, fill billionaires' pockets, and bomb foreign countries, but we care for correct pronouns, and are in favor of same-sex marriage and stuff. Oh, and yay for ACA [as if that solves anything]".

vs

"It's ok to fuck the lives, communities, job prospects, etc. of blacks, latinos, gays, lesbians, whites, fill billionaires' pockets, and bomb foreign countries, but we don't care for political correctness and we are pro-life and stuff. Oh, and yay for more tax-decuctions to the rich [as if that solves anything]".

Re:These 15 Billionaires Own America's News Media Companies ... by vncecartersknee on Sunday February 14, 2021 @06:03PM (#26137130)
Who would I vote for who is "in my interest" to vote for?
Re:These 15 Billionaires Own America's News Media Companies ... by duxup on Sunday February 14, 2021 @06:33PM (#26137347)
Kinda depends on who you are right? We would have to know that ...
Re:These 15 Billionaires Own America's News Media Companies ... by medlazik on Sunday February 14, 2021 @06:13PM (#26137206)
Socialists, if you make less than $500k or if you care about more people living a decent life.
Re:These 15 Billionaires Own America's News Media Companies ... by coldtea on Sunday February 14, 2021 @06:22PM (#26137273)
So,

(given the lack of an actual socialist party to vote for),

it's basically voting Democrats - a party complicit in the same neo-liberal policies, Wall Street bailouts and deregulation, warmongering, corporatism, looking down upon the "unwashed masses" (aka "deplorables"), and rampant corporate globalism (i.e. job outsourcing hitting the working classes) with the Republicans, that can't even stand a "soft" "socialist" like Bernie Sanders to be given a chance?

Re:These 15 Billionaires Own America's News Media Companies ... by medlazik on Sunday February 14, 2021 @06:37PM (#26137377)
Not sure what your point is, I was obviously talking about Bernie (soft is right). Once again, inconsequent societal issues won over economic interests of these voters.
Re:These 15 Billionaires Own America's News Media Companies ... by astura on Sunday February 14, 2021 @04:13PM (#26136313)
Can you explain?
Re:These 15 Billionaires Own America's News Media Companies ... by dillondoyle on Sunday February 14, 2021 @05:09PM (#26136740)
I look at Rupert Murdoch here as complicit with an intentional political goal he achieved through his vast media network. Think all the conservative outlets. Fox news changing news to opinion not based in the same reality, not even accepting base facts - while most of their viewers take it as actual news and fact.
Re:These 15 Billionaires Own America's News Media Companies ... by saiya-jin on Sunday February 14, 2021 @04:53PM (#26136620)
Not OP but generally poorer folks in US especially in rural parts vote for right which protects much more the rich. Its sold to them for generations under guise of 'American dream' and if you are not yet rich, well you just didn't work hard enough and should be ashamed and go back to work more and harder. Which is bullshit on many levels. Everybody in society benefits when poor are helped a bit and not kept poor and desperate. But that would require skimming a bit off the top, reshuffling few things and bottom jobs would still have to be paid livable wages without exception.

Compared to places where social inequality is much lower (ie some parts of Europe), US has some deep societal issues that I don't see going away soon, in contrary. Marketing has been very effective in branding any other idea as socialism/communism. And here is the media role, be it Hollywood, news etc - resist any change, our way is the best, it was and always will be. Don't think hard if its best for you, or you are not a true American.

Or it could be the opposite - from US conservative viewpoint those leaning left are harming themselves and US society in the long run (not that I agree with this, but I can understand why certain people would hold this opinion).

(I don't have a personal stake at this, just presenting an outsider's, potentially flawed view. When deciding where to settle around the globe US went quickly off the list for quite a few reasons, overall not a place I wanted to raise my kids in but that's another topic. That was despite obvious strengths of US society and location, as strengths don't cancel out weaknesses in my opinion).

Re:These 15 Billionaires Own America's News Media Companies ... by medlazik on Sunday February 14, 2021 @04:40PM (#26136523)
The deregulation frenzy that started with Reagan/Thatcher and all over the world is responsible for the insane inequalities we have today. The billionaire owned media has a neoliberal agenda against regulation.

Of course they don't have to call journalists to tell them what to say, they recruit heads of HR who recruit neoliberal journalists/editorialists.

90% of people haven't seen their wages progressing that much in 20 years, yet they keep voting for the Biden/Trump/Macron/Bolsonaro of the world whom appeal is 100% created by the media.

Deregulation is also responsible for leaders doing nothing about global warming and so many other things that make the world a particularly shitty place right now.

Re:These 15 Billionaires Own America's News Media Companies ... by AtlasBarfed on Monday February 15, 2021 @02:02PM (#26145920)
Practically every "market" in America is a cartel or monopoly. Really this augurs the future of massive multinational corporations consolidating and controlling worldwide markets with cartel/monopoly power that will be even more insulated from regulation.

Innovation comes from many players in actual competition.

Sure some innovation can come from subdepartments in megacorps, but if you've spent any time in large corporations and witnessed the empire building and other structural behaviors more in common with single party rule governments, you know that innovation is suppressed.

Employment likely is suppressed. You'd need more people doing the various roles of companies, and while that seems less efficient that what large companies are doing overall, I'd argue the reduced middle management pyramids and increased amounts of people trying different management and software approaches will lead to a net gain in efficiency, more fluidity, more GDP, and more local employment.

Large cartels/monopoly megacorps also are better able an to lobby the government to entrench themselves. Possibly their greatest advantage. And highly incented to do so, which increases the overall corruption in the system of government.

How much of the perceived corruption increase in American government, despite the transparency that the internet allows, is due to the monopoly/cartel consolidation throughout the economy?

Re:These 15 Billionaires Own America's News Media Companies ... by blunte on Sunday February 14, 2021 @06:08PM (#26137169)
The problem begins with loose campaign finance rules which allow money to control who can run for an election. Both primary parties' candidates are beholden to the big money interests which fund their campaigns.

So once they do get elected, they must somehow make laws which benefit (as quietly as possible in the past, but very openly nowadays) the wealthy interests which fund them.

Re:These 15 Billionaires Own America's News Media Companies ... by sunstone on Sunday February 14, 2021 @07:34PM (#26137684)
That and America should have a state funded, independent news organization similar to the BBC. It's not perfect, BBC has had some nasty prat falls but, like a supreme court, also not perfect, it's the best you can do. So when citizens are rubber necking around trying to figure out who they can trust there is at least a guiding star.
Re:These 15 Billionaires Own America's News Media Companies ... by ajmadesc on Sunday February 14, 2021 @08:49PM (#26138169)
National public radio?
Re:These 15 Billionaires Own America's News Media Companies ... by sunstone on Monday February 15, 2021 @01:26PM (#26145520)
With a budget of much less than a $1 per person per year. Probably not.
Re:These 15 Billionaires Own America's News Media Companies ... by 11thEarlOfMar on Sunday February 14, 2021 @05:30PM (#26136896)
Moreover, that these media companies are not able to make profitable revenue by conveying factual news reports. They have a growing footprint through the consolidation and influence the public discourse and keep it focused on (seemingly) the most inflammatory topics, statements and events in order to drive clicks, views, likes & shares.

Hence, they've devolved into entertainment while the public at large still perceives them as news sources. I am sure this has been going on to some degree for centuries. More than consolidation, the unprecedented reach to now 5 billion humans actually should be concerning enough to raise a hue and cry for oversight.

Did he call the neo-Nazi's and white supremacists fine people? Did Biden launch his campaign on that claim? How can our news sources call themselves news when a few seconds of research (literally) can show such an inflammatory claim as false?

This has to stop.

Re:These 15 Billionaires Own America's News Media Companies ... by lm28469 on Monday February 15, 2021 @05:20AM (#26141226)
It's a direct consequence of capital accumulation and lack of regulations. We have the same thing in France, billionaires own ~75% of medias (newspaper, tv, radio), some of them own so many that even when you think you're reading "multiple sources" you're actually reading slightly different flavour of the same propaganda : https://www.monde-diplomatique.fr/cartes/PPA

Funnily enough most of them are friends, have regular "dinners" &co with politicians and other people of the "elite": https://en.wikipedia.org/wiki/Le_Siècle_(think_tank)

People have been calling these things forever but we somehow "rediscover" it every now and then.

> Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society.

> Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.

Albert Einstein, Why socialism ? 1949

Re:These 15 Billionaires Own America's News Media Companies ... by breck on Sunday February 14, 2021 @05:23PM (#26136839)
Yes. #EndImaginaryProperty #EndCopyright #EndPatents
Re:These 15 Billionaires Own America's News Media Companies ... by tim44 on Sunday February 14, 2021 @08:14PM (#26137950)
what it here
Re:These 15 Billionaires Own America's News Media Companies ... by jollofricepeas on Sunday February 14, 2021 @05:44PM (#26137001)
Actually.

Unregulated social media and the traditional consolidation of media are resulting in not much different than what occurred right after the US civil war.

Not only did “unchecked” freedom of the press and speech result in the US Spanish War between countries but it also resulted in white terrorism against black, brown, and Asian people in the US throughout the period of Reconstruction from 1860’s-1930.

- https://history.state.gov/milestones/1866-1898/yellow-journa...

- https://digitalcommons.unl.edu/historyrawleyconference/31/

It’s no different than what happens now except it’s truly global and even more centralized.

- https://www.salon.com/2021/01/16/despite-parler-backlash-fac...

- https://www.bbc.com/news/world-asia-46105934