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Title: Jeff Bezos Reportedly Eyes Purchase of CNBC as Tech Billionaires Gobble Up Media
Amazon’s founder Jeff Bezos is allegedly considering the acquisition of financial news network CNBC, according to a report from the New York Post citing anonymous sources. This potential move would be part of a larger trend where tech billionaires are buying up media outlets.
This development comes on the heels of rumors circulating that Bezos might be interested in purchasing Condé Nast, which owns magazines such as Vogue and Wired. Although an unnamed source told The Daily Beast that Bezos is “not considering a bid to buy CNBC,” the company’s founder has yet to comment on the matter.
Notably, Comcast is expected to divest its cable TV networks, including MSNBC, SYFY, Golf Channel, USA Network, and E!, into a new publicly traded company called Versant by the end of 2025. It remains unclear if Bezos’ potential acquisition of CNBC would affect the editorial direction of the network.
However, it’s worth noting that Bezos’ history with Washington Post suggests otherwise. In 2013, he purchased the newspaper for $250 million. Despite initial claims that he wouldn’t interfere with the paper’s operations, critics have accused him of meddling in its editorial content, particularly around the time of the 2024 presidential election.
Bezos’ actions led to a significant backlash from readers who felt that the Post had become increasingly biased towards conservative and libertarian views, losing approximately 250,000 subscribers within a week after Bezos announced his plans for the paper. The incident has left some questioning whether tech billionaires like Bezos will continue their trend of absorbing media outlets.
It’s clear that if Bezos does buy CNBC, he might prioritize its financial coverage over other topics, given his own interests in finance and technology.
Source: gizmodo.com
