Dan Pfeiffer: “Paramount buying Warner Brothers is bad. Full stop. But it’s not the media merger that scares me the most.”
“On Monday, Fox Corporation agreed to acquire Roku for $22 billion — the largest deal in the company’s history. Most of the coverage framed it as the Murdochs finally getting into the streaming business, where they have long lagged behind their competition. That’s true, but it buries the part that should worry anyone who cares about democracy.”
“Fox buying Roku is a very big deal, and in terms of political impact, it might end up being much larger than pro-Trump billionaires owning declining traditional media outlets.”
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