> BlackRock, State Street, and the Vanguard Group all own substantial shares in each other
Not relevant to whether they’re private equity firms.
Large institutional asset managers own shares in everything publicly traded. For most of their funds, they don’t vote and have no choice as to what they buy or sell. They can’t threaten to sell because they don’t like something because that isn’t how index funds work.
They also run discretionary funds, but those funds aren’t the ones that have large holdings in either each other nor TV media outlets.
Not relevant to whether they’re private equity firms.
Large institutional asset managers own shares in everything publicly traded. For most of their funds, they don’t vote and have no choice as to what they buy or sell. They can’t threaten to sell because they don’t like something because that isn’t how index funds work.
They also run discretionary funds, but those funds aren’t the ones that have large holdings in either each other nor TV media outlets.