The Trump 2.0 era has intensified a deeply entrenched pathology in the American media system: concentrated corporate ownership. During less perilous times, legitimate concerns about a few corporations capturing so much of our news and information have often been dismissed as conspiracy theories and paranoia. But Donald Trump and his coterie of plutocrats have made our media oligarchy problem acutely evident and impossible to ignore.

Constant controversies—from government and corporate censorship of television comedians like Jimmy Kimmel and Stephen Colbert to the algorithmic and editorial abuses of Elon Musk’s X and Jeff Bezos’s Washington Post—remind us why media ownership holds such high stakes for any semblance of democracy. Meanwhile, rightwing nepotistic dynasties like the Murdochs and the Ellisons hold inordinate influence over what millions of people can see, hear, and read in their daily media.

Our current media system is simply incompatible with democracy, making structural media reform an urgent priority. This includes unwinding previously approved and pending mergers—exhibit A being Paramount Skydance’s potential acquisition of Warner Bros. Discovery (which owns CNN and HBO, among other key holdings)—as well as trust-busting corporate media behemoths by forcing them to divest major components of their sprawling conglomerates.

Undoing the wreckage will take time, but we must lay the groundwork now to launch necessary structural reforms the moment we dethrone Trump and his ilk. This project requires a clear analytical framework for understanding exactly why such run-amok media concentration is bad for democracy, and why breaking up media conglomerates is both necessary and insufficient for reconstructing the media we need from the ground up.

Big corporate media mergers are bad for everyone other than those few who stand to profit. They’re harmful for media workers, consumers, local communities, First Amendment freedoms, and democracy writ large. Over the years, the dangers for democracy posed by media concentration have been borne out by empirical evidence. Research shows that media conglomeration can lead to less local news, more advertising, and shifts toward conservative political commentary, especially under the ownership of rightwing companies such as Sinclair.

According to basic democratic theory, ensuring diverse voices, viewpoints, and stories in our media requires a pluralistic range of media owners. However, the hypercommercialized, corporate-dominated US media system wasn’t devised to privilege democracy. In fact, given its weak public media system, oligopolistic media markets, and light public interest regulations—many of which eroded over time or simply were ignored (or weaponized under Trump)—the US media system is almost perfectly designed to not serve democracy.

Within this hypercommercialized media structure, despite many individual journalists’ courageous work to the contrary, profit imperatives too often trump democracy (bad pun intended). Capitalist logics undercut and skew democratic discourse by encouraging clickbait, excluding low-income communities, and degrading the quality of journalism. Capitalist incentive structures also lead to pronounced deficits through sheer cost cutting, and by treating news and information as commodities, not public services, and audiences as passive consumers, not engaged citizens.

Even during the best of times, media corporations often maximize profits by ruthlessly cutting corners and forcing their media workers to do more for less. Too often, costly services like high-quality journalism are dismantled while content that’s cheaply produced and easily replicated—like shouting heads across ubiquitous screens, endlessly capturing our attention for advertisers—gets amplified.

Media conglomeration only intensifies these commercial logics. For example, cost cutting typically accelerates immediately following big mergers when companies take on tremendous debt. New corporate ownership has subjected CBS to such restructuring and would likely do the same to CNN if the pending merger goes through, for which Paramount Skydance is reportedly incurring $79 billion in debt. To compensate, media corporations often combine newsrooms and lay off reporters—or eliminate journalism altogether in favor of opinion and commentary.

In addition to decimating jobs, managing such debt tends to result in outsourcing costs to audiences by raising prices, offering lower-quality programming, and providing less creative cultural fare. This outcome is especially detrimental given a media landscape already riddled with news deserts, in which scarce original journalism and local media content are being produced.

The debasement of our news and entertainment media is bad enough. But media conglomeration also creates private tyrannies wherein oligarchs command broad swaths of our media. Driven by perverse incentives, these media barons wield dangerous control over public discourse, warping how important issues get framed and what stories get told.

Conferring such political economic power onto a small elite is itself a severe democratic threat. Whether through lobbying, campaign contributions, or preferential press coverage of........

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