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Fact is, American print media is coming full circle. In the old days major city dailies and influential magazines were family owned, and the publishers were rarely reticent about their political views, especially in the editorial pages -- and sometimes in the news pages. (The Hearst papers were famous for this. So was Time and the Luce family.) Most of these publications eventually went public, however, and in doing so the family ownership, though not always the family influence, diminished greatly.
And the Internet finally killed off many big news operations. Now, with few exceptions, the ones that can survive and thrive, once again, need those rich owners with deep pockets. So we're in the same situation we were in 75 or 100 years ago. Except , IMHO, the rich men and families now are much less likely to be partisan in their news operations (not their editorial ones) than they were back then because there is so much more at stake financially. Those companies that don't put out good product are on much thinner ice because there are so many other places for people to turn to for news--or at leas what passes for news.
Rich men and rich families have always dominated the print media. But even for them, with their deep pockets, there is much more to lose now and the costs are too high for intentional bias that turns off readers. Carlos Slim, Jeff Bezos, Marc Benioff, and the rest are still businessmen, and they are not likely to sully their news operations (and their investments) with fake news, blatant political bias (liberal or conservative), or anything else that devalues their investment.
Most liberals live in an echo chamber and can't handle intellectual diversity and will go Nazi Brownshirt when they hear it.
But conservatives on the other hand can't handle being wished a "Happy Holidays" or that some people may think their religion is fake. Any time anybody questions their authority, they cry persecution. And conservatives live in echo chambers. Churches are the original echo chambers.
He won't miss that money of course but it's a dying business model and a number of older companies like that have more retirees requiring further health and retirement plan contributions than they do current workers. (Sears for example)
I'm assuming he had a crack team of accountants and other experts evaluate the deal but that's not always the case.
Who knows, maybe they own some underutilized copyrights, trademarks, patents etc. this guy can leverage.
Time magazine isn't much thicker than a church bulletin these days.
Is that the equivalent right-wing publication?
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