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www.washingtonpost.com
  • jonne@infosec.pub
    31·
    7 months ago

    It’s owned by a wealthy family, and it’s reflected in what they choose to report, and more importantly what not to report.

    • gedaliyah@lemmy.world
      7·
      7 months ago

      That’s not even true. It’s a publicly traded company which means it’s owned by the shareholders. Over 90% of those shares are held by financial institutions, meaning diversified investors.

      I don’t know how you could believe such a bald faced lie, and if you don’t believe it then that’s even worse.

      • LibertyLizard@slrpnk.net
        16·
        7 months ago

        The New York Times Company is majority-owned by the Ochs-Sulzberger family through elevated shares in the company’s dual-class stock structure held largely in a trust, in effect since the 1950s;[118] as of 2022, the family holds ninety-five percent of The New York Times Company’s Class B shares, allowing it to elect seventy percent of the company’s board of directors.[119] Class A shareholders have restrictive voting rights.[120]

        https://en.wikipedia.org/wiki/The_New_York_Times#Organization

        What you’ve written here is very misleading, bordering on incorrect, but does this distinction even matter? Both a singular billionaire and a collective of rich owners will manage the business to enhance their personal wealth, not for the common good of ordinary people. If Trump creates an incentive structure where businesses are penalized for going against his will, I think both types of management are rationally going to choose to obey him.

        There needs to be a completely different type of management structure if we want leaders in the press to weigh things like the health of our democracy in their decisions.