Oligarchs, Media and Markets | Peter Jukes

“We found more undocumented meetings between senior newspaper editors—especially his real boss, as Dominic Cummings called Boris Johnson's former employer, The Telegraph,—than any other industry by far. What do they get? What does the political class get? Boris Johnson's got one million pounds per year at The Daily Mail. That's what he gets. They get cover. They get support from these papers.

What do the papers get in return? We've documented it. At least 200 million in covid subsidies through this advertising, which was only given to members of the News Media Association, which includes the Guardian and The Mirror and The Independent. The Independent takes money from Saudi, so it’s greenwashing. You ask them to comment on it, they won't touch it because their salaries are being paid by it.”

Oligarchy has infiltrated media—but the elite invited them in.

Keeping up with the revolving door between media, politics, intelligence and corporations would make anyone queasy. There is an elite class of people with access to power, wealth and influence, and they trade that power, wealth and influence between them to keep it in the family. The press would like us to think they’re the independent watchdog above it all. It’s the greatest story they’ve ever spun.

Peter Jukes is the cofounder and executive editor of Byline Times, the British media outlet created to expose corruption in media and write the stories the establishment won’t. In this episode, he explains how oligarchy took over the markets after 2008, the reality of the press ecosystem, how it’s unravelling, and how to create a forum for ideology.

© Rachel Donald

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