Mainstream Media Are Billionaire Media

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We noted yesterday that the Washington Post is owned by one of the world’s richest guys, worth $72.8 billion  … and who may soon become THE world’s richest.

And you probably won’t hear it from the New York Times, but the largest shareholder of the Times is the sixth wealthiest guy … worth $54.5 billion.   He used to be THE richest person, but he’s slipped a little in the rankings.

Billionaires have long exerted influence on the news simply by owning U.S. media outlets.

Some billionaires, like Rupert Murdoch and Michael Bloomberg are longtime media moguls who made their fortunes in the news business. Others, like Amazon founder Jeff Bezos, bought publications as a side investment after building a substantial fortune in another industry. Billionaires own part or all of several of America’s influential national newspapers, including The Washington Post, The Wall Street Journal and the New York Times, in addition to magazines, local papers and online publications.

Several other billionaires, including Comcast CEO Brian Roberts and Liberty Media Chairman John Malone, own or control cable TV networks that are powerful but not primarily news focused.

Here’s a look at some of the billionaires who own news media in the United States:

Michael Bloomberg – Bloomberg LP and Bloomberg Media

Michael Bloomberg, the richest billionaire in the media business, returned to his eponymous media company in September 2014, eight months after stepping down as mayor of New York City. One notable sign of his influence on the publication: Michael Bloomberg doesn’t appear on Bloomberg’s Billionaires Index. FORBES pegs his net worth at $45.7 billion. Bloomberg cofounded his financial data company in 1981 with Charles Zegar and Thomas Secunda, both of whom are now billionaires as well thanks to…

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