Billionaire Media Model

Rodney 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.