The Implication — No Independent Fourth Estate
Structural capture, not editorial control
The engine does not claim that BlackRock calls newsroom editors and dictates stories.
Also in Big Three Media Ownership
The Ownership Map — Who Owns the NewsSEC 13F ForensicsThe Distribution Layer — Platforms Are Also OwnedThe pipe and the water share an ownerThe Publishing Layer — Books and AcademiaEven the alternatives have the same ownerThe Advertising Layer — Revenue as Editorial ControlWho pays the bills decides the coverage