[1]Alexandria Ocasio-Cortez for Congress[2]Alexandria Ocasio-Cortez for Congress

A dangerous consolidation of media and news platforms is currently taking
place.

[1]More Perfect Union: In 1983, 50 companies controlled 90% of the U.S.
media market. That number is now down to 5.

In 2022, Elon Musk purchased Twitter — now it’s riddled with
disinformation, deepfakes and algorithms that push us further apart.

Larry Ellison, the world’s second richest person and an avid Trump
supporter, took over Paramount and CBS. He is now reportedly looking at
buying Warner Brothers, which includes CNN.

Billionaires like Ellison are enacting a right-wing takeover of news and
media. The direction is unmistakable: more power, less accountability.

In just one day this month, Larry Ellison’s net worth jumped by roughly
$100 billion on the back of blockbuster Oracle projections for its cloud
infrastructure.^1 Billionaires collect government contracts and tax
advantages, and then use their windfall to reshape the media map to their
liking.

That’s not a marketplace — that’s an oligarchy.

[2]WSJ: Oracle Gives U.S. Government Discount on Cloud and Software

This right-wing takeover of media is not an aberration. It is the logical
and inevitable conclusion to an American political system that has been
dominated by corporate money and billionaires.

We’re not just approaching an oligarchy. We’re fully here.

But our movement for a better world takes no money from right-wing
billionaires or corporations.

[ [link removed] ]Help us continue the fight with a grassroots contribution today.



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No matter what, thank you for being here.

More soon,

Team AOC

1 - [ [link removed] ]CNBC: Larry Ellison is $100 billion richer after blowout Oracle
earnings report


 


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