Bloomberg Just Bought CityLabโand Put Half Its Reporters Out of a Job.
Well that sucks. Billionaires and their proxies are now rich enough to buy up all extant media properties and either bastardize them and bend them to their will or just shutter them altogether.
Weโre seeing a media ecosystem that is completely dominated by the thoughts and desires of a few hundred plutocrats. And itโs only going to get worse.