Story perspectives

Pro-Trump Billionaires Tighten Grip on Major Media

9/22/2025

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Summary

Story summary

Pro-Trump billionaires have increased their control over major media platforms, including TikTok, CBS, CNN, and Fox News.
David Ellison intends to bid for Warner Brothers Discovery, while Larry Ellison may invest in TikTok's U.S. operations.
Since the 1970s, historical media ownership limits from the Communications Act of 1934 have diminished.
The 1996 Telecommunications Act eliminated radio ownership caps and raised TV ownership limits.
Media ownership has plummeted from 50 companies in 1983 to just 5 today, raising concerns about authoritarian control.

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Story summary

Pro-Trump billionaires have increased their control over major media platforms, including TikTok, CBS, CNN, and Fox News.
David Ellison intends to bid for Warner Brothers Discovery, while Larry Ellison may invest in TikTok's U.S. operations.
Since the 1970s, historical media ownership limits from the Communications Act of 1934 have diminished.
The 1996 Telecommunications Act eliminated radio ownership caps and raised TV ownership limits.
Media ownership has plummeted from 50 companies in 1983 to just 5 today, raising concerns about authoritarian control.