Well, he needs co-financing. Ellison might very soon run out of money, since I think his personal shares in Oracle are given as collateral for loans to buy Paramount/Warner. And since Oracle shares are about to tank when all of their loans for data-center buildouts are becoming due, but without compute takers on the OpenAI and Anthropic side, who don't have a business model, his shares will be not valuable enough for the loans to buy Paramount. Ooopsie!
Back when there were only fifty companies that owned the media we knew it was concentrated in too few hands. Now it's less than a dozen sources and they often collude. Free press is a distant memory.
We don’t even need America to own American TV ffs. Independent journalism is free speech. The fourth pillar is already broken - it’s outlandish to consider selling it.
Now you can see what they see as leverage against the American people. Everyone should turn off the tvs in our home that listen to us 24hrs a day so they can sell us shit we don’t need. Turn off your tvs for 3 months and it will all fall apart.
Why the fuck did they let Middle East control our media? It’s got something to do with the amount of money EA is costing the Saudis. I get the feeling.
I understand, that there are some people who have no choice. But to those who do, wake the fuck up...Stop giving money to these corporations that have, do, and will continue to support causes that don't align to your own morals. Gay people eating a chick fil a, despite chick fil a's anti gay stance. Anyone shopping at Amazon, despite Amazon's inability to pay living wages OR taxes to maintain the roads that are clogged by their vans (not to mention abysmal product quality anymore). Just stop.
If all they do is revert the changes, we'll be back here in a few more years. The loopholes are the problem - and, right now, they are too big to simply "close". Rules will have to be rewritten from the ground up. Entire systems have to be massively reworked.
FIRST, we need to get MAGA and AIPAC both completely out of government. We can't fix anything as long as the fascist racist idiots are here, AND as long as Israeli money is here. SECOND, we do need to close the loopholes before we can get
to the underlying structure; it's not the fix, but it gives us the time we need. THIRD, we restructure it all. We make it so rules can't be broken just because someone waved money at someone.
Once all of that is done,... then we can actually work on the country. Having fixed the damage to the system of governance finally puts us in position to fix the damage the old system let happen.
It won't be fast. It won't be easy. It'll probably be the rest of my life just on those
first three steps. But we can get there. Assuming we survive this Regime in the first place.
The biggest weakness in this plan is that we have to get power back in the first place to do any of that stuff. And, while I am ever the hopeful optimist, I won't lie and say it's guaranteed to work out.
I suspect the second biggest weakness is that "it won't be fast, it won't be easy" that you mentioned. All too often it seems to work for these turds to break *a lot* of things, get voted out, then screech that the sane adults aren't fixing things *fast enough* and then they get voted back in and break even more things..
Indeed. Rooting them out is going to be more than deep-cleaning the offices in D.C. and the state capitals. It's going to also have to include their enablers. ICE, MAGA ringleaders and mouthpieces, and any who did criminal things in their devotion to Trump will have to be held accountable - an enormous and thorny task by itself.
The rank-and-file MAGAts, whose "only" misdeeds were to keep voting Trump again and again, are harder to deal with. Stupidity, after all, isn't a crime. But how do you
CNN and CBS are information outlets. Having foreign involvement is more that a little concerning. Also, having input on any kind of media that's "allowed" is also a huge problem.
And what sucks is there is no way to undo this Afaik. I am not sure a smart admin and congress at a later date could ban foreign ownership of all or part of US media companies and make it retroactive.
B0ardski
you do if you're trying to implement sharia
ZaphodBbx
"We don't need..." -- Not when we've got our own MAGA dictator to do it for us...
zombiejedediah
Hey. Bibi is elected.
LitterBoxKing
stronomer
Well, he needs co-financing. Ellison might very soon run out of money, since I think his personal shares in Oracle are given as collateral for loans to buy Paramount/Warner. And since Oracle shares are about to tank when all of their loans for data-center buildouts are becoming due, but without compute takers on the OpenAI and Anthropic side, who don't have a business model, his shares will be not valuable enough for the loans to buy Paramount. Ooopsie!
androgenoide
Back when there were only fifty companies that owned the media we knew it was concentrated in too few hands. Now it's less than a dozen sources and they often collude. Free press is a distant memory.
iquestionthepinappleeveryday
We don’t even need America to own American TV ffs. Independent journalism is free speech. The fourth pillar is already broken - it’s outlandish to consider selling it.
hamiltol
nosuprise
Now you can see what they see as leverage against the American people. Everyone should turn off the tvs in our home that listen to us 24hrs a day so they can sell us shit we don’t need. Turn off your tvs for 3 months and it will all fall apart.
16KTS
Why the fuck did they let Middle East control our media? It’s got something to do with the amount of money EA is costing the Saudis. I get the feeling.
wejustdontknow
The runaway fash-ism isn't going to be slowed by tweets.
00110001001110010011100000110100
That sounds like ICE is coming for a visit.
Munchman347
'Right on! We've got our own dictators right here at home!'...
Heelcat70
I wonder how big Trump's cut of the deal will be?
pr3viso
I thought that foreigners aren't allowed to own FCC regulated companies
flawles
America fourth!
alexw04
Typical, the cannibalism of the Capitalist system, totally predictable! And it was, over 150 years ago.
Leaga
It's not even just media. Considering how PAC donation laws work, this is foreign interference in our elections.
CelestialSea
It's not like Ellison is better.
SecretAgentSuperBooger
iamretired
selling the usa on the open market
ILikeToCallItLostWages
First the NFCEastMemeWar, now SquaredCircle reporting the news
OperatorWay
Immigrants = bad.
Selling out to wealthy foreigners = good.
SecretAgentSuperBooger
FisheswithDynamite
I understand, that there are some people who have no choice. But to those who do, wake the fuck up...Stop giving money to these corporations that have, do, and will continue to support causes that don't align to your own morals. Gay people eating a chick fil a, despite chick fil a's anti gay stance. Anyone shopping at Amazon, despite Amazon's inability to pay living wages OR taxes to maintain the roads that are clogged by their vans (not to mention abysmal product quality anymore). Just stop.
DrenLithear
Just add to the list of things the dems must revert or there won't be another chance
DukeDarkwood
If all they do is revert the changes, we'll be back here in a few more years. The loopholes are the problem - and, right now, they are too big to simply "close". Rules will have to be rewritten from the ground up. Entire systems have to be massively reworked.
FIRST, we need to get MAGA and AIPAC both completely out of government. We can't fix anything as long as the fascist racist idiots are here, AND as long as Israeli money is here. SECOND, we do need to close the loopholes before we can get
DukeDarkwood
to the underlying structure; it's not the fix, but it gives us the time we need. THIRD, we restructure it all. We make it so rules can't be broken just because someone waved money at someone.
Once all of that is done,... then we can actually work on the country. Having fixed the damage to the system of governance finally puts us in position to fix the damage the old system let happen.
It won't be fast. It won't be easy. It'll probably be the rest of my life just on those
DukeDarkwood
first three steps. But we can get there. Assuming we survive this Regime in the first place.
The biggest weakness in this plan is that we have to get power back in the first place to do any of that stuff. And, while I am ever the hopeful optimist, I won't lie and say it's guaranteed to work out.
Daliena06
I suspect the second biggest weakness is that "it won't be fast, it won't be easy" that you mentioned. All too often it seems to work for these turds to break *a lot* of things, get voted out, then screech that the sane adults aren't fixing things *fast enough* and then they get voted back in and break even more things..
DukeDarkwood
Indeed. Rooting them out is going to be more than deep-cleaning the offices in D.C. and the state capitals. It's going to also have to include their enablers. ICE, MAGA ringleaders and mouthpieces, and any who did criminal things in their devotion to Trump will have to be held accountable - an enormous and thorny task by itself.
The rank-and-file MAGAts, whose "only" misdeeds were to keep voting Trump again and again, are harder to deal with. Stupidity, after all, isn't a crime. But how do you
ChallengerDeep
Why not both?
meganical
Yet another reason to never purchase Paramount+ But, it’s sad HBO sold to them too because some of their shows are actually pretty good
RevengeIsIceCream
💯
FreePalestineAndTheWorldFromIsrael
Have you seen who already controls American media?
OregonComputerGuy
The orange spherical bastard currently in office is a big enough fuckup, but tv currently sucks big time anyway
pinkmilkyway
Anymore it’s good old fashioned ink on paper for me
DukeDarkwood
I have some bad news.
https://en.wikipedia.org/wiki/List_of_assets_owned_by_News_Corp#United_States
Mr. Ellison, at least, seems to be sticking to digital media, but Murdoch still isn't the only one messing with print news - just the biggest.
GuyLuomo
CNN and CBS are information outlets. Having foreign involvement is more that a little concerning. Also, having input on any kind of media that's "allowed" is also a huge problem.
somerandomusernamething
Ellison has already been destroying the credibility of both of those. Hopefully this gets even more people to drop the already plummeting ratings
SpamYarBlockers
Oh but you see it is 49.5 percent ownership of non voting shares. That makes it totally fine! Ugh
smashpro1
Especially if one of those foreign governments had a journalist from one of the mentioned information outlets murdered and dismembered.
Filanwizard
And what sucks is there is no way to undo this Afaik. I am not sure a smart admin and congress at a later date could ban foreign ownership of all or part of US media companies and make it retroactive.
16745
Tjats the neat part: you have to buy it back. Usually for a horrendous price.
Daliena06
I meannnnn.. I suppose they could. Under current laws? Maybe not. Without drawing quite a bit of international backlash? Very likely not.
But countries have nationalized assets that had foreign ownership, partial or full, before.
Daliena06
For a (maybe) less polarizing example than the likes of Iranian or Venezuelan oil, case in point, the UK nationalizing British Steel https://www.bbc.com/news/articles/c5y66y40kgpo