Why do the wealthy want to own the news?

Why do the wealthy want to own the news?
 

What does a person who already has everything want: another sports car, a bigger yacht, or maybe a champion sports team?
Increasingly, the answer seems to be a high profile newspaper or magazine that has fallen on hard times.
Business moguls - even those whose values were forged long after the era of Citizen Kane and Watergate -, are proving keen to buy into the buzz of the newsroom.
The latest example came this week when Marc Benioff and his wife announced they were buying the venerable Time, a magazine that has reflected America's outlook on world events since 1923. Donald Trump, for one,... read more

 
18 September 2018 in Business, Views: 61
Source: BBC
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