Comment by photochemsyn

Not a word about why media antitrust is important... even though the article casually mentions that "Newspapers continue to be consolidated by hedge funds and private investment firms that believe they can wring more profits from the papers through synergies as the industry declines."

> "Axios is owned by Axios Media, whose investors include Glade Brook Capital Partners, Lerer Hippeau Ventures, Greycroft, and NBC News. NBC doubles up as Axios’ media partner."

https://marketrealist.com/p/who-owns-axios/

Not only that, people employed by today's media conglomerates are increasingly drawn from the 'wealthy liberal coastal elite' sector and are typically filtered through an unpaid internship process before getting hired, leading to non-representative 'journalists', which is probably doing as much damage (i.e pushing the populist perception of news media as a symbol of out-of-touch elitism) as the corporate consolidation is.

Another side effect of this trend is the death of investigative journalism, which generally upsets the state and corporate power centers who are increasingly joined at the hip. For example, the last Washington Post investigative series of note was "Top Secret America" from about a decade ago, and now that Jeff Bezos owns the paper and AWS is actively seeking CIA and NSA contracts, forget about anything else like that.