A dangerous consolidation of media and news platforms is currently taking place.
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.
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.
Help us continue the fight with a grassroots contribution today.
No matter what, thank you for being here.
More soon,
Team AOC
1 - CNBC: Larry Ellison is $100 billion richer after blowout Oracle earnings report
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