Andrew Egger: “It’s no surprise media owners are rushing to make good with Donald Trump; they know he’s eager to hit them where it hurts. Trump hasn’t just vowed to punish media orgs that displease him, he’s also made it clear that owning such institutions is enough to earn a mogul his economic and political enmity.”
“If you’re a newspaper owner or a corporation with a cable channel in your portfolio, the cost of subsidizing media that tells the truth about Trump has been jacked up tremendously. Say goodbye to that tariff waiver; good luck with that attempted merger.”
“Before Trump, owning a media outlet was often considered a luxury piece for the mega-rich. You made your money in tech or healthcare or finance—the major newspaper or TV network was the gaudy bauble you picked up on the side, a conspicuous way to be seen as “giving back.” Now, though, you’re realizing the president-elect is going to make your real job way harder because your bauble really pisses him off. It’s a lot more than you bargained for when you bought it.”
