This is a big question that often gets asked about technology giants. It’s important to understand that “media” here is not just “thing that delivers news and entertainment” but rather “corporation with primary mission of providing a revenue-driving platform that can deliver information and advertising to an audience.”
To technology companies, being a “media company” is basically a death sentence. Look at Google: It’s an advertising company dependent on people publishing web pages on the Internet, but actually look over here at Alphabet, at these self-driving cars and immense opportunities. Media companies have unions and ombudswomen and declining growth. Technology companies fund trips to Mars. So, as Nick Carr wrote in September: