Among the most important shifts has been the rise of private equity funds and firms as media and news media owners. In the United States and much of the West, private equity funds own a large portion...

Among the most important shifts has been the rise of private equity funds and firms as media and news media owners. In the United States and much of the West, private equity funds own a large portion of commercial news media, and their primary objective is the bottom line, or profit and share price.