The Slippery Slope of the Oligarchy Media Model

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On July 28, Apple heiress Laurene Powell Jobs bought a majority stake in The Atlantic.

It’s the latest media purchase by the billionaire class, a group that includes Amazon founder Jeff Bezos (the Washington Post), Boston Red Sox owner John Henry (the Boston Globe), billionaire Glen Taylor (the Minneapolis Star-Tribune) and casino magnate Sheldon Adelson (the Las Vegas Review-Journal).

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