| ▲ | next_xibalba 17 hours ago | |||||||||||||||||||||||||
> Total information control is priceless. Except there is robust competition in media —be it news, social, etc. I think the political angle in terms of motivation is overstated. In terms of closing the deal though, it’s huge. David Ellison has been producing movies for quite some time. So his desire to become a big time player in that space would be a believable motivation. But he can use his father’s connections to Trump to sink the Netflix bid (or create enough FUD to convince shareholders to favor his bid). | ||||||||||||||||||||||||||
| ▲ | throw0101d 17 hours ago | parent [-] | |||||||||||||||||||||||||
> Except there is robust competition in media —be it news, social, etc. As of a few years ago, there were six corporations owning 90% of US media: NewsCorp, TimeWarner, Comcast, Disney, Viacom, Sony. * https://www.reddit.com/r/coolguides/comments/fs5g0b/more_tha... * https://techstartups.com/2020/09/18/6-corporations-control-9... Add to that local channel ownership (like Sinclair) concentration: * https://www.gsb.stanford.edu/insights/media-consolidation-me... * https://www.vox.com/2018/4/6/17202824/sinclair-tribune-map * https://www.tvtechnology.com/news/broadcasters-urge-fcc-to-h... This is especially true when it comes to investigative journalism, where it may take weeks or months to run down leads and information. | ||||||||||||||||||||||||||
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