Industry
Industry Rupert Murdoch owns many media outlets and newspapers, and has recently stood down. The problem of him owning all of these for himself hasn't changed, however, as his son is now getting the fortune instead. The problem with one person owning many media outlets and newspapers is that these forms of media can be influenced by their own opinions, and become biased. They can also dictate who owns the product and how it is consumed. This in turn can cause the consumers of these forms of media (of which there are many) to become brainwashed, and have a dominant reaction. They can get other people to think like them, which is a really powerful thing to have in your control. For example, they can get people to like and vote a certain political party that they like, and change an election or the fate of a country. In the UK, Rupert Murdoch owns 19% of all British press and Viscount Rothermere owns 33%. Combined, they take up 52%, more than half! In the USA, there are st...