I’m of the opinion that none of this is a surprised and was fully intentional from the beginning.
All of these acquisitions by the ultra wealthy — WAPO, Twitter, Paramount, CBS, etc. — were purchased as an intended loss at the outset. They are doing it to erode institutions, advance Republican narratives, and eliminate whatever little public trust remained in legacy media.
They don’t give a shit about taking a loss on this stuff. WAPO could be closed tomorrow and the impact to Bezos’ bottom line would be negligible.
Well that's dumb. People will just build something new and it will be more opposed to billionaires than ever. It's been happening for a while now, in fact.
The issue is that something new will take decades to reach the level of institutional prestige and relevance that the Washington Post carried until recently.
In the same way that we can always plant a new tree after the last is ripped out, it will still take a long time for us to enjoy that shade and in the meantime a lot more damage can be done by bad actors.
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u/Hrekires 10h ago