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Billionaires pile into media outlet streaming video to youth

Source: afr.com afr.com
News Snapshot:

Amazon.com founder Jeff Bezos bought the Washington Post a decade ago, while Salesforce CEO Marc Benioff acquired Time magazine more recently. In Europe, auto-making Agnelli scion John Elkann holds stakes in the Economist and Italian dailies la Repubblica and La Stampa while luxury goods tycoon Bernard Arnault, the world’s richest person, controls influential French newspapers Les Echos and Le Parisien. Brut’s funding drive comes while controversy swirls around editorial independence at Arnault’s outlets. Last month, the journalist guild at Les Echos raised questions over the owner’s possible role in its editor in chief’s departure. This week, Le Parisien‘s reporters’ guild…

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