Biden criticizes billionaires' ownership of newspapers and bemoans the shifting media landscape.
During the interview, Biden stated that the media had undergone a significant transformation.
As his term neared its end, President Biden expressed regret in an interview on Thursday about the drastic transformation of the media landscape, particularly targeting "billionaires" who acquired significant newspapers.
The president stated that technology was altering the way news about the Biden economy was being reported in the media, and that there was an excessive emphasis on "horse race" politics.
Biden stated that technology is transforming everything. He believes that the success of the group is due to their ability to speak the truth and present their opinions as facts. However, he acknowledged that it is challenging to find editors who can provide constructive feedback and ensure that the content is accurate.
He also stated, "Billionaires who own well-known newspapers are saying they won't continue to do so because I don't want to do it."
Biden stated that it would take time to "resolve."
Biden seemed to be alluding to the choices made by recent affluent newspaper proprietors to abstain from backing the 2024 presidential race between President-elect Donald Trump and Vice President Kamala Harris.
During the friendly interview, the president did not discuss Harris' loss to Trump, his decision to drop out of the race, or his controversial pardon of his son, Hunter Biden.
Jeff Bezos, owner of The Washington Post, decided to break the paper's tradition of endorsing a presidential candidate before the election. The editorial board had already written an endorsement for Harris, which was expected from the liberal paper, but Bezos put a stop to it.
The Washington Post's endorsement of Trump over Clinton and Biden angered liberals, who had previously praised the paper for its criticism of Trump as the worst president in recent history.
Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times, stopped his liberal editorial board from endorsing Harris in this election, causing dissatisfaction among staff and resulting in resignations.
In the rare interview, Biden stated that he did not have any regrets about his presidency "generally," but when asked if he would have done something differently in the past four years, he admitted that he might have made a different decision.
Planet Chronicle Digital reached out to the White House for comment.
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