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Los Angeles Times Editorials Editor Resigns Over Owner’s Decision Not To Endorse In Presidential Race (deadline.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

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The paper did not endorse either candidate, breaking with a tradition going back to 2008.

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[–] [email protected] 16 points 3 weeks ago (1 children)

Almost immediately after buying it he killed a story about another wealthy friend's dog who bit someone.

Billionaires aren't buying media to make money, it's to control the media.

We need to do something about them before they can just buy terminator robots.

They can already buy the government, it won't take much longer till they don't need to.

[–] iAmTheTot 4 points 3 weeks ago (1 children)

Oh don't be mistaken, it's also to make money.

[–] [email protected] 2 points 3 weeks ago* (last edited 3 weeks ago)

Oh yes....

Those amazing profit margins from...

Print media and social media website that have literally never made a profit?

With the amount of money they use to buy media conglomerates there are much better investment opportunities, this guy paid half a billion cash for and like another 90 million of assumed debt.

Almost a fifth of the price was bills the company couldn't pay be cause it's unprofitable.