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Major media outlets from CBS to The Washington Post have “bent the knee” to President Trump’s specious demands.
U.S. President Donald Trump is following the authoritarian’s handbook that Prime Minister Viktor Orbán used to consolidate power in Hungary. He is attacking the independent institutions that comprise the infrastructure supporting democracy—universities, law firms, culture, and the media.
And he is winning.
Major media outlets have “bent the knee” his press secretary’s preferred phrase for capitulation to Trump’s specious demands. His latest conquest is CBS.
Days before the 2024 election, Trump filed a frivolous lawsuit accusing the network of bias in broadcasting a “60 Minutes” interview of then-Vice President Kamala Harris. Seeking $10 billion in damages, the complaint claimed that the edited interview and associated programming were “partisan and unlawful acts of election and voter interference” intended to “mislead the public and attempt to tip the scales” in Harris’ favor.
Prominent First Amendment attorney Floyd Abrams said that “the First Amendment was drafted to protect the press from just such litigation.” Harvard Law School Professor Rebecca Tushnet called it “ridiculous junk and should be mocked.” Attorney Charles Tobin warned, “This is a frivolous and dangerous attempt by a politician to control the news media.”
A few days later, Trump won the election. And now CBS’ parent company, Paramount, wants to settle the case.
Whatever money CBS pays Trump to settle his frivolous lawsuit is extortion.
Through her family’s holding company, Shari Redstone who is “friendly with Trump” is Paramount’s controlling shareholder. If the Federal Communications Commission approves its pending merger with Skydance Media, Redstone will reap millions.
On February 6, Redstone told the Paramount board that she wanted to settle Trump’s lawsuit. The next day, Trump doubled his damages claim to $20 billion. As the media reported Redstone’s desire to resolve the case, Trump pounced. On April 13, he asserted on social media that the FCC should impose “the maximum fine and punishment” on CBS and the network “should lose its license.”
The parties have agreed on a mediator, but whatever money CBS pays Trump to settle his frivolous lawsuit is extortion. The more profound cost is the loss of CBS’ journalistic independence, which became apparent on April 22 when the producer of “60 Minutes” resigned.
In the program’s 57-year history, Bill Owens—who became the “60 Minutes” executive producer in 2019 after 30 years at CBS—was only the third person to run it. Owens’s memo to his staff should be a warning to all of us:
“[O]ver the past months, it has become clear that I would not be allowed to run the show as I have always run it, to make independent decisions based on what was right for ‘60 Minutes,’ right for the audience.”
CBS wasn’t Trump’s first media victim.
In early November 2024, The Washington Post editorial board had signed off on an endorsement of Vice President Kamala Harris for president. But it never ran. Owner Jeff Bezos personally killed it and, for the first time in decades, the paper did not endorse a U.S. presidential candidate.
A few hours after Bezos’s “no endorsement” decision became public, officials from his Blue Origin aerospace company, which has a multi-billion dollar contract with NASA, met with Trump.
After Trump won the election, Bezos flew to Mar-a-Lago where he and his fiancée dined with the president-elect. Shortly thereafter, Amazon donated $1 million to Trump’s inauguration fund. And another Bezos company—Amazon—paid $40 million to license a documentary about Melania Trump, who personally will receive $28 million.
On February 26, Bezos announced a new rightward shift for the Post: It would now advocate for “personal liberties and free markets” and not publish opposing viewpoints on those topics.
The paper’s opinion section editor, David Shipley, resigned in response to the change. Prominent columnists followed him out the door, and more than 250,000 readers canceled their subscriptions.
The Los Angeles Times had an established record of presidential endorsements too—until 2024. Its 2020 endorsement of Joe Biden blasted Trump. But in 2024, billionaire owner Patrick Soon-Shiong quashed an editorial that would have endorsed Vice President Harris. As at the Post, columnists and editorial board members resigned in protest, and the paper lost thousands of subscribers.
After the election, Soon-Shiong killed another editorial set to run with this headline: “Donald Trump’s cabinet choices are not normal. The Senate’s confirmation process should be.”
Self-censorship is the most effective, enduring, and dangerous method of abridging free speech.
More than one-half of Americans “often” or “sometimes” get their news from social media. One-third of all adults in the U.S. get their news from Facebook (operated by Meta). Meta’s president Mark Zuckerberg was among the billionaires who traveled to Mar-a-Lago after the election, met with Trump, and donated $1 million to Trump's inauguration fund. (With the help of corporate and billionaire megadonors like Zuckerberg and Bezos, Trump raised a record $239 million for the fund.)
Then Zuckerberg gave Trump a bigger gift: Meta abandoned third-party fact-checking of Facebook posts. As his rationale, Zuckerberg repeated Trump’s false talking points that fact-checking was “censorship” and reflected an “anti-Trump bias.”
Asked if he thought Zuckerberg was “directly responding to the threats” that Trump had made to him in the past, Trump answered: “Probably.”
Meanwhile, Meta invited Ultimate Fighting Championship CEO Dana White, a longtime Trump supporter, to join its board of directors.
On April 26, Trump will send Congress his request to halt all funding for public media—including NPR and PBS.
Since his return to power, Hungary’s prime minister has used “muscular state policy to achieve conservative ends,” according to conservative activist Christopher Rufo. Orbán is “attempting to rebuild its culture and institutions, from schools to universities to media.”
Orbán began “working with friendly oligarchs to purchase and transform media companies into conservative stalwarts; directing government advertising budgets to politically-aligned outlets;… and pressuring the holdover state media… to provide more favorable coverage.”
Rufo insists that Hungary “has a media environment at least as competitive as that of many Western nations.” Experienced observers disagree:
Human Rights Watch found that the government is using its near media monopoly to strengthen its hold on democratic institutions… The government’s increased control over the media market is linked to its broader assault on rule of law in Hungary, including undermining judicial independence and state capture of public institutions…
Trump’s attacks on universities, law firms, culture, and the media are all of a piece. Viktor Orbán’s Hungary provides a roadmap of his battle plan and a preview of his end game.
"Is there any doubt in anyone's mind they were tipped off?" asked one progressive news outlet.
As retirees, small business owners, and consumers reeled from the chaos sparked by U.S. President Donald Trump's erratic tariff policies, the richest people on the planet saw their wealth surge Wednesday as the White House partially froze the duties it imposed on most countries.
Trump's announcement of the 90-day pause sparked a historic market rally that added $304 billion to the collective wealth of the world's top billionaires, according to a Bloombergestimate. The outlet called the jump "the largest one-day gain in the history of the Bloomberg Billionaires Index," which was launched in 2012.
"The largest individual gainer Wednesday was Tesla Inc. CEO Elon Musk, who added $36 billion to his fortune as the EV manufacturer's stock jumped 23%, followed by Meta Platforms Inc.'s Mark Zuckerberg, who gained almost $26 billion," Bloomberg reported. "Nvidia Corp.'s Jensen Huang saw his wealth rise $15.5 billion as the chipmaker's shares rebounded 19%, nearly offsetting its 13% decline in the week to Tuesday's close."
Though the stock market gave up some of the massive gains on Thursday amid continued uncertainty about Trump's tariffs, the rapid billionaire wealth surge amplified concerns about possible market manipulation and insider trading ahead of the president's announcement of a 90-day pause. Trump publicly encouraged people to buy stock just hours before announcing the pause.
"Is there any doubt in anyone's mind they were tipped off?" The Tennessee Holler, a progressive news outlet, wrote on social media. "They are laughing at us all."
In the days leading up to the president's partial tariff pause, some of his billionaire supporters publicly criticized his approach as their wealth took a hit amid the trade war-induced market sell-off.
According to Bloomberg, the 500 richest people in the world saw their collective wealth fall by $208 billion the day after Trump announced the sweeping tariffs last week. The Wall Street Journalreported Thursday that Treasury Secretary Scott Bessent was "flooded with worried calls from Wall Street over the weekend and felt strongly he had to persuade Trump that a pause was needed."
The partial tariff pause came a day before the Republican-controlled House passed a budget blueprint that paves the way for another round of tax cuts that would primarily benefit the wealthiest Americans.
"These tariffs are not designed to solve an actual trade or economic challenge," Sen. Ron Wyden (D-Ore.), the top Democrat on the Senate Finance Committee, said Thursday. "They're designed to soak typical workers with higher taxes in order to help pay for handouts to the top."
"They're focused on yet more handouts to billionaires and corporations," Wyden added, "and everybody else is going to be on the hook to pay for them."
There are 15 billionaires in the United Sates with more than $100 billion each and combined wealth of $2.4 trillion. For comparison, that’s more wealth than the “poorest” 1,500 billionaires combined.
The ranks of global billionaires has grown by 247 in the past year, bringing up the total worldwide to 3,028, according to Forbes’ annual survey of the wealthy published April 1.
The combined wealth of the nine-figure club is now $16.1 trillion, up $2 trillion from a year ago.
There are 902 billionaires in the United States as of the newest survey, up from 813 in 2024. However, the Forbes data release is dated March 7, 2025, and there has been significant market volatility since then.
There are now three billionaires in America with more than $200 billion in estimated wealth: Elon Musk, Mark Zuckerberg, and Jeff Bezos.
And there are 15 billionaires with more than $100 billion each and combined wealth of $2.4 trillion. For comparison, that’s more wealth than the “poorest” 1,500 billionaires combined.
The oligarchy continues to rig the rules of the economy to get more wealth and power, meaning we should anticipate the first trillionaire within a decade.
As Forbes observes about Donald Trump: “He’s giving the billionaire class more control over the government than ever before. His right-hand man is the planet’s richest person. His administration includes at least ten billionaires and billionaire spouses.”
Trump — who Forbes fawningly calls “America’s billionaire-in-chief” — saw his personal fortune more than double over the last year, from $2.3 billion to $5.1 billion. Forbes reports that “before moving back into the White House, [Trump] padded his cash piled with a very lucrative move into crypto. Between that and his Trump Media & Technology Group going public just after Forbes locked in its 2024 rankings, the president’s net worth has more than doubled.”
The top four billionaires are U.S. nationals, and their individual wealth are:
This is what oligarchy looks like!