BIG by Matt Stoller • 67381 implied HN points • 06 Feb 26
- A billionaire owner can save a newspaper one year and gut it the next, showing how wealthy owners can use media as a political or business tool and then discard journalistic capacity when it no longer serves them.
- Google’s adtech dominance and AI features have siphoned traffic and ad revenue from publishers, collapsing the business model that funded local and investigative reporting and forcing papers to depend on rich benefactors.
- This is part of a larger democratic problem: concentrated tech and wealth power is hollowing out institutions and jobs, and while antitrust and bargaining policies could help, political and corporate resistance has limited effective solutions.