Capitalism's Destruction of The Press And Media System

Capitalism's Destruction of The Press And Media System

With Netflix’s bid for Warner Bros. Discovery, and Paramount’s hostile effort to takeover the company, a report from the Roosevelt Institute calls urgent attention to the way in which media consolidation and deregulation has impacted freedom of the press. The Roosevelt Institute, a progressive think tank, contends that the press clause in the First Amendment has all but disappeared. Instead, it is now widely accepted in government that the First…

THE DANGERS OF MEDIA CONSOLIDATION AND BILLIONAIRE OWNERS

The creation of huge mega-companies is harmful, in part because they have monopolistic powers. It is particularly concerning in the media and news industry because they control the information we receive. Recent and proposed mergers and acquisitions in the media industry have heightened concerns about politically slanted “news” due to billionaire owners. A citizenry that’s well informed is essential to a well-functioning democracy and there’s a …