Billionaire era of news ending…

So it can be difficult to judge the outcomes of these acquisitions, except by comparison.The clearest struggles are at the Washington Post, which effectively admitted defeat last year in its attempts to rebuild its core as a scalable tech business with products called Zeus and Arc. Now it’s simply a media company that battled The New York Times for Trump scoops but has no answer to its rival’s success in other areas, such as cooking, audio, and games. Bezos visited last week to calm a restive newsroom.The others follow a similar,if less publicly painful, pattern. The Los Angeles Times has rebuilt its newsroom and improved its local lifestyle coverage, but its strategy remains adrift under Soon-Shiong, who has taken the title of “Executive Chairman” and has not appointed a CEO.Time has morphed into a global events business with a studio that, I’m told, accounts for about a third of its revenue, and which hopes to break even this year. It’s gradually converting its print product to a US News-style compendium of lists. But it has struggled for relevance in national news — it ranks 43rd in Memeorandum’s analysis of presence in the political conversation, and in December had just over a third of the traffic of another shaky brand of it …

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