, 3 tweets, 1 min read
They are smaller.

I've long said that one of the biggest mistakes conservatives made was valuing media on financial - as opposed to influence - basis.
And yes, the two can be intertwined.

But you don't buy the Washington Post at the valuations Bezos did based on circulation. Same for CNN, etc, etc.
You buy them for the long game. Desired political influence.

True Conservatives blew it here for not recognizing (or ignoring) the more basic underlying valuation.
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