One of the major problems with billionaires owning major media is that it literally does not matter if they are profitable. They can take a loss on them because the propaganda and narrative control is worth every penny.
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Bezos isn't trying to make the Washington Post successful, obviously. He's trying to turn it into his Twitter.
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Wealthy people can spend their money without hesitation or fear of ever going broke. Even when they fail their connections bail them out.
They are not like us.
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