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How big tech has taken media power from moguls

10 3
11.09.2024

Until recently, Elon Musk was just a wildly successful electric car tycoon and space pioneer. Sure, he was erratic and outspoken, but his global influence was contained and seemingly under control.

But add the ownership of just one media platform, in the form of Twitter – now X – and the maverick has become a mogul, and the baton of the world’s biggest media bully has passed to a new player.

What we can gauge from watching Musk’s stewardship of X is that he’s unlike former media moguls, making him potentially even more dangerous.

He operates under his own rules, often beyond the reach of regulators. He has demonstrated he has no regard for those who try to rein him in.

Under the old regime, press barons, from William Randolph Hearst to Rupert Murdoch, at least pretended they were committed to truth-telling journalism.

Never mind that they were simultaneously deploying intimidation and bullying to achieve their commercial and political ends.

Musk has no need, or desire, for such pretence because he’s not required to cloak anything he says in even a wafer-thin veil of journalism.

Instead, his driving rationale is free speech, which is often code for don’t dare get in my way.

This means we are in new territory, but it doesn’t mean what went before it is irrelevant.

If you want a comprehensive, up-to-date primer on the behaviour of media moguls over the past century-plus, Eric Beecher has just provided it in his book The Men Who Killed the News.

Alongside accounts of people like Hearst in the United States and Lord Northcliffe in the United Kingdom, Beecher quotes the notorious example of what happened to John Major, the UK prime minister between 1990 and 1997, who baulked at following Murdoch’s resistance to strengthening ties with the European Union.

In a conversation between Major and Kelvin MacKenzie,........

© The New Daily


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