Murdoch's TikTok? Trump offers allies another lever of media control
6 hours ago
- #Media Consolidation
- #TikTok
- #Trump Administration
- Donald Trump announced a potential deal allowing TikTok to continue operating in the US, with Oracle leading US investors.
- Rupert Murdoch, Lachlan Murdoch, and Michael Dell are among the investors involved in the TikTok deal.
- TikTok's new board would consist of seven members, six of whom are Americans, likely including Murdochs and Ellisons.
- Lachlan Murdoch, CEO of Fox Corporation, and Rupert Murdoch may gain significant media influence through TikTok.
- Larry Ellison (Oracle) and David Ellison (Skydance Media) could also join TikTok's board, expanding their media control.
- The deal could consolidate media power, raising concerns about monopoly laws and FCC regulations.
- Trump's influence over the FCC and media deals may shape the future of US media, favoring conservative networks.
- The Murdochs and Ellisons stand to gain unprecedented control over US media if the TikTok and Warner Bros deals proceed.