This potential power shift could be a nightmare for political progressives who depend upon their mainstream media minions for total support. The liberal media has skewed so far to the left and is so partisan that even Democrat party voters do not trust them anymore. There are now some big money names in the market for media outlets of their own. Here is a glimpse of what may be just around the corner.
As Written By Thomas Lifson for the American Thinker:
Realistic political analysts have always believed that their dominance of mainstream media has always added to the vote totals of Democrats and progressives. President Trump’s excoriation of fake news is an attempt to lessen that advantage by helping credibility erode faster than ever from the major media outlets.
But now a different kind of threat is emerging, and we can expect screams of outrage if a couple of billionaires follow through on moves that being are hinted at. Following the example of Jeff Bezos’s bargain basement purchase of the Washington Post, a couple of major media properties may fall into conservative hands and be repurposed as conservative outlets.
Peter Kafka reports in Recode:
Do the Koch Brothers want their own media empire?
They’re putting more than $500 million into a bid for Time Inc. Why?
The fact that Meredith is trying to buy Time Inc. is news, but it’s not shocking: The magazine publisher that owns Family Circle and Parents has been trying to combine with the publisher that owns People, Time and Sports Illustrated for years.
The big surprise: Charles and David Koch, the billionaires who are a powerful force in conservative politics, are backing the bid.
The New York Times reports that the Kochs are putting more than $500 million into a deal that hasn’t closed but seems pretty far along, and could be finalized in the coming weeks. I’m told the investor group backed by billionaire Len Blavatnik, which floated an offer for Time Inc. last year, doesn’t plan to compete for the company now.
We’ll learn more about the proposed deal soon, but here’s the first, obvious question: Do the Kochs want to be investors in a media business because they like the economics? Or because they want influence?
Conventional wisdom is that Meredith has always been interested in Time’s portfolio of titles that appeal to women and the advertisers who want to reach them — People, Real Simple, InStyle, etc. — and that it either wouldn’t buy titles like Time, Fortune and Sports Illustrated, or that it would resell them once it…
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