Why do billionaires decide to buy newspapers (and why should we be happy when they do)?

Likewise, The New York Times and The Washington Post could be complementary, too. In assessing the two papers, Ken Doctor concluded in February that “the impact of these two great journalistic institutions — institutions willing to stand up to state power — has been proven anew” and that readers should “subscribe to both.” The Times would be an unlikely Arc customer, as it has its own sophisticated technology infrastructure, but unlike the Post, it has signaled no ambitions to license its efforts to other news organizations. The Times and the Post are, however, alike in one crucial way that disinvites comparison to other local news products, which is that their importance hinges on their coverage of national, not local, news. Both papers use their city as a lens on the world, and much of their respective coverage reflects the view through that lens. As a result, both have become Continue reading "Why do billionaires decide to buy newspapers (and why should we be happy when they do)?"