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Re:Jeff Bezos killed Washington Post endorsement of Kamala H... by graemep on Saturday October 26, 2024 @09:37AM (#41954656)
"But whether it's in its interest"

How do you define "its interest"?

It is a business. It does not have interests of its own. its owners have interests - in this case its the one owner who has that. Its staff may have interests, as may other people, and there is always a public interest.

> the issue stems from business ownership of a so-called "independent" news outlet which has clear conflict of interest. Which is something that we should not accept and continue fighting against

I agree it is a problem, but, as far as traditional media goes, it is a lost cause. Can you see anything that will cause big media businesses to split themselves?

Re:Jeff Bezos killed Washington Post endorsement of Kamala H... by j_maffe on Saturday October 26, 2024 @10:55AM (#41955122)
Well, it is an entity of its own that claims to strive for certain objectives (including the obvious one of being profitable). The owner could decide to change those objectives and make something new of it. The WSJ definitely has a set of interests that managers have a duty to satisfy, until the owner decides to change those interests. If they change their motto to "whatever Bezos needs" then it's problem solved. I don't see that on their about page, though.

> Can you see anything that will cause big media businesses to split themselves?

Who said anything about it needing to be voluntary. Regulation is a thing.

Re:Jeff Bezos killed Washington Post endorsement of Kamala H... by ImPostingOnHN on Saturday October 26, 2024 @10:48AM (#41955069)
> It is a business. It does not have interests of its own. its owners have interests - in this case its the one owner who has that. Its staff may have interests

You nailed it here: bezos, as the dude who owns the paper has a vested interest in his personal success, whether the paper succeeds or not. If it came down to him or the paper, he would choose himself.

The editorial team, as the people who run the paper and are responsible for its quality, has a vested interest in the success of the paper. They decide what the interests of the paper are.

If bezos goes against the editorial team, that is bezos' interests conflicting with their interests, and thus the paper's interests.

Re:Jeff Bezos killed Washington Post endorsement of Kamala H... by graemep on Saturday October 26, 2024 @11:41AM (#41955432)
> has a vested interest in the success of the paper

What defines the success of the paper? Why do employees rather than the owner (who ultimately appoints them) get to decide?

It is a business. If it was a non-profit organisation you would have a point (although I do not personally think much of the big non for profit media organisations I can think of). Even if it had a structure designed to promote other values over profits (as Reuters does) you would have a point. In this case, AFAIK, it is simply the property of its owner. People get to decide what to do with their property.

Re:Jeff Bezos killed Washington Post endorsement of Kamala H... by ImPostingOnHN on Saturday October 26, 2024 @12:28PM (#41955780)
> What defines the success of the paper?

The people who run it, day-in and day-out, are best-equipped to answer this question.

> Why do employees rather than the owner (who ultimately appoints them) get to decide?

Because each employee fits the above criteria, and is thus better-poised to make such a judgement compared to one single person who is not. And when it comes to multiple-such, better-equipped judges, the disparity becomes starker.

> People get to decide what to do with their property.

This is a red herring. Nobody is saying bezos can't decide what to do with his property. He's just not as well equipped as Post employees, to judge whether his decision is good for The Post.

After all, having money obviously doesn't mean you have better info, or have more context, or make superior judgements. In some cases it just means you got a good head-start because your dad owned an apartheid emerald mine, or a portfolio of new york slums.