Billionaires Are Transforming American Media
The American media landscape, like the rest of the country, is being reshaped by the whims of the ultra-rich
The Koch brothers are planning to spend $889 million on the 2016 political campaign. There are those who see this as a terrible subversion of democracy. There are others who see it as a big waste of Charles (left) and David Koch’s money. Then there are the owners of television stations, who can be forgiven if they see the partisan zeal of the Kochs and other politically engaged billionaires as a great gift from heaven, or at least from the U.S. Supreme Court.
Billionarie Industrialists Charles and David Koch and their company Koch Industries are exploring a bid to buy the Tribune Co.’s eight regional newspapers, including the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Orlando Sentinel and Hartford Courant.
