The Powers That Be: Daily Media Monday: L. A. Second-Order Effects & Venu Aftershocks
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Jan 13, 2025 Two friends dive into the aftermath of devastating fires in L.A., exploring the political and cultural fallout. The struggles of the L.A. Times amidst ownership issues highlight the crucial role of journalism in crises. They analyze the stark class disparities in recovery, comparing the privileged with those left behind. The demise of the Venu streaming service adds another layer, while discussions on the Murdoch empire unveil shifting media landscapes. It's a captivating look at how tragedy shapes a city and its industries.
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LA Times Ownership Issues
- The LA Times' owner, Patrick Soon-Shiong, has been criticized for his interference in the newsroom.
- After the LA fires, he publicly criticized Mayor Karen Bass despite previously supporting her, highlighting his inconsistent and potentially damaging influence.
Soon-Shiong's Ownership Style
- Soon-Shiong bought the LA Times for $500 million, the same price Jeff Bezos paid for The Washington Post.
- He seems to struggle with subordinates questioning his authority within the news organization, mirroring issues in sports ownership.
LA Mayor's Race and Hollywood Divide
- The LA mayor's race, with Karen Bass and Rick Caruso, divided the entertainment industry.
- It highlighted a divide between traditional liberals and those prioritizing city management and safety.