While the Murdochs were busy celebrating the 60th anniversary of The Australian, there was bad news over in their corporate US home: Democrat billionaire Reid Hoffman was buying into defamation plaintiff Smartmatic, ensuring the election tech company has the money to sustain its multibillion-dollar writ against Fox News.
It’s another front in the under-reported business side of the US culture wars: the battle to set the political agenda through control over corporate media.
But in the lead-up to this year’s US presidential election, most of the 1,000-odd billionaires in America are — like the Republican Party itself — coalescing
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