When your hunch is so on point there’s a top 5 econ paper showing precisely how right your hunch is
Jake Grumbach
It is weird to think that Rupert Murdoch’s avarice may have been a check against Fox News being even worse
JK
Musk buying twitter, Bezos buying WaPo, Ellison buying CBS—all are less profitable now. But they’re political investments that increase the value of the new owners’ portfolios
Wealth concentration makes this possible, and that’s one mechanism by which inequality destroys democracy
Jake Grumbach
A problem with authoritarianism and media conglomeration is that the owners of these media companies don't care if they are profitable so they use them rather to send signals to the authoritarian who wields control over their profit-making businesses.
Ryan Enos
The ultimate boss of failing upward.
CBS News boss Bari Weiss is likely to gain editorial oversight of CNN if and when Paramount Skydance’s acquisition of Warner Bros. Discovery is approved, according to a report.
