It might be most generous to characterize the behavior of major US media organizations since 2024 as negotiating between competing incentives.
On the one hand, billionaires have consolidated their ownership over major news outlets and platforms. The Murdochs are squabbling over Fox. Jeff Bezos has remade the Washington Post in his own image. The pharmaceutical magnate Patrick Soon-Shiong places a thumb on the scale at the Los Angeles Times, and the Trump-aligned Ellison family has taken over Paramount and CBS, and spent the final weeks of this year making hostile takeover bids for CNN owner Warner Bros. The influence of these billionaire personalities has often reshaped their organizations’ newsrooms and editorial boards, directing investigations and particularly opinion sections towards ownership’s pet projects and preferred policies.
