I was halfway into the latest celebratory profile of Chris Hughes, the Facebook multi-millionaire and owner of the New Republic, when I was struck by the following idea, which I provide free of charge. If you are a millionaire or billionaire looking to avoid negative or critical or even remotely credulous press coverage, stop what you are doing, invest in a media property, and employ liberal writers and editors. You will probably lose a lot of money, but the intangible benefits of slavish praise and deflected criticism will be priceless.
The world’s richest man quietly slipped into Washington, D.C., this week for a series of powwows with top Obama administration officials – but you would not know it if you read the New York Times. Slim is worth an estimated $63 billion, and owns more than seven percent of the New York Times Company – though the eponymous newspaper of record didn’t deem it necessary to report on its partial owners’ D.C. trip.