Good job, you found one. Here’s a hint: you’ll find the same not only for heather other publicly-traded media companies, but almost every publicly-traded company. (If you want to go full lunatic, look up Cede & Co.)
The problem with the original assertion is that most media outlets, including an overwhelming majority of newspapers, are privately owned. Notoriously, among the biggest ones, by billionaires.
You’re quick with the insults. Keep it classy. I can think of another example off the top of my head: Fox News -> Disney -> Vanguard Group, BlackRock, and State Street (edit (I looked it up): the top institutional shareholders).
You're right Disney doesn't own own Fox News but BlackRock, State Street, and the Vanguard Group are significant institutional shareholders in Fox Corporation, the parent company of Fox News Media. At this point you should realize my question isn't naive or "stupid".
> BlackRock, State Street, and the Vanguard Group are significant institutional shareholders in Fox Corporation
How much control do they have? Have you heard of the Murdochs?
> At this point you should realize my question isn't naive or "stupid"
If you said television media, it would have still been wrong, but not stupid. (Because it depends on understanding how voting control and passive vs active investing works, none of which is common knowledge.) Generalising to all media, most of which isn’t publicly owned, is.
The problem with the original assertion is that most media outlets, including an overwhelming majority of newspapers, are privately owned. Notoriously, among the biggest ones, by billionaires.