• UnderpantsWeevil@lemmy.world
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    17 days ago

    And the smaller press were bought out or folded, because apparently people don’t read their news on paper anymore

    Bought out or folded because they lost ad support from major business groups whenever they failed to kowtow to the company line.

    The remaining US media institutions are all either utterly subservient to or entirely owned by corporate boards and billionaires.

    • actually@lemmy.world
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      17 days ago

      Yes, I am beginning to understand the takeover of media was more insidious. I knew about the market forces but I did not realize much how the different monopolies worked together, both in practice and accidentally, to squish the survivors, who were struggling but could have recovered.