Billionaire Media ModelSep 22, 201751mRodney Benson is the Department Chair and Professor of Media, Culture, and Communication at New York University. In July Laurene Powell Jobs, wife of Steve Jobs bought a majority stake in the news organization The Atlantic. This isn’t the first purchase of a news organization by a billionaire in recent months. The Washington Post, The Boston Globe, The Minneapolis Star-Tribune, and The Las Vegas Journal are all now privately owned. Rodney Benson talks about the slippery slope of the oligarchy media model.