Daybreak If news doesn't pay enough, why do billionaires keep buying?
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Feb 11, 2026 They examine why billionaires buy loss-making news outlets despite low margins. The economics of news are compared with high-profit conglomerates and tech giants. Ownership motives beyond profit are explored, including influence, reputational insurance, and control over narratives. Contrasting cases show when media can succeed and when proprietors prioritize other business interests.
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NDTV Shakeup After Adani Takeover
- Nearly 100 NDTV employees were put on performance improvement plans after Adani's 2022 acquisition.
- High-profile exits like Ravish Kumar and Nidhi Razdan followed the takeover.
Washington Post Mass Layoffs
- The Washington Post cut about one third of its staff and shut multiple sections and foreign bureaus.
- The layoffs followed Amazon-financed projects and broader industry pressures.
News Can Be Profitable With Commitment
- Newspapers can be steady and profitable but rarely match tech margins like Google or Apple.
- The news business works if owners commit resources to product, journalism, and subscriptions.