The Seven Richest Billionaires Are All Media Barons

Trump loyalist and CIA contractor Larry Ellison’s purchase of CNN appears imminent, and marks the latest venture into media for the world’s second-richest individual. But Ellison is not alone. Indeed, the world’s seven richest individuals are all now powerful media barons, controlling what the world sees, reads, and hears, marking a new chapter in oligarchical control over society and striking another blow at a free, independent press and diversity of opinion.

by Alan Macleod

Part 1 - Media Monopoly

Paramount Skydance– an Ellison-owned company– is in pole position to purchase Warner Brothers Discovery, a conglomerate that controls gigantic film and television studios, streaming services like HBO Max and Discovery+, franchises like DC Comics, and TV networks such as HBO, TNT, Discovery Channel, TLC, Food Network, and CNN. This lead is largely due to Ellison’s proximity to President Trump, who will ultimately have to sign off on such a deal.

Ellison has already spoken to senior White House officials about axing CNN hosts and content that Trump is said to dislike, including anchors, Erin Burnett and Brianna Keilar. It is this willingness to completely reorientate the network’s political direction that has made him the White House’s preferred purchaser of Warner Brothers Discovery. He is reportedly so wealthy that he can afford to pay in cash.

Ellison, whose net worth stands at a staggering $278 billion, has been on a media spending spree of late. Earlier this year, he provided the funds for Skydance to purchase Paramount Global, another gigantic conglomerate that controls such products as CBS, BET, MTV, Comedy Central, Nickelodeon, Paramount Streaming, and Showtime.

Immediately upon being appointed CEO of CBS News, Larry’s son, David, began drastically reorientating the network’s political outlook, firing staff, pushing it to become pro-Trump, and appointing self-described “Zionist fanatic” Bari Weiss as its editor-in-chief.

The Ellison family, however, is far from finished. In September, President Trump signed an executive order approving a proposal to force through the sale of social media platform TikTok to an American consortium led by Ellison-owned tech company, Oracle.

Under the planned arrangement, Oracle will oversee the platform’s security and operations, giving the world’s second-richest man effective control over the platform that more than 60% of Americans under thirty years of age use for news and entertainment. Trump himself stated that he was extremely pleased that Oracle would be controlling the platform. “It’s owned by Americans, and very sophisticated Americans,” he said.

The Ellison family’s sudden venture into the realm of media and communications has shocked many, with senior media figures sounding the alarm. Longtime CBS News anchor, Dan Rather, warned that “we all have to be concerned about the consolidation of huge billionaires getting control of nearly all of the major news outlets.” “It is a particularly tough time for anybody working at CBS News,” he stated, citing pressure to change coverage to be more pro-Trump. “I think if [the Ellisons] were to buy CNN, it would change CNN forever, and it might be another very serious wound to CBS News,” he concluded.

Source, links:

https://www.mintpressnews.com/the-seven-richest-billionaires-are-all-media-barons/290572/

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