Also the slogan is a Marxist alternative theory of wealth and power which conflicts with some basic premises of being interested in startups and is debunked in pg readings.
Bezos was able to purchase one of the nation's most important news outlets because he is a billionaire. If his wealth was capped at $100M, he would have had to pool resources with many other ultra-wealthy individuals to effect the same purchase. These people would have competing interests, and would also themselves be open to being bought out because their ownership stake in the company would be small. This would be good for the country, because one person being able to turn an important news outlet into his personal propaganda machine is bad, as the article describes.
What we are seeing is bezos trying to translate money into media power, which is real. But it doesn’t seem to have worked out that well. His paper is not that influential or distinct. He is unable to wield much control over the journalists likely because they operate within a tight culture that exists across outlets.
Your instinct is that media is actually real power. Isn’t a few people operating the media scarier than a few people being able to consume a lot?
But then why is media powerful? Public opinion is directly useful for winning elections. But also indirectly as public officials need to cater to the public.