Battle moving to the Fourth Estate

Some billionaires with vested interests in the country are seeking to launch media institutions mainly to achieve their political objectives. Well, there’s nothing wrong with that; this is a free country, one would say.

There was much speculation in the recent past about a move afoot to launch a new media network. 
The latest story doing rounds in business circles says there is still another billionaire all set to enter the media sector. 

This billionaire, the businessman sibling of a powerful political family in the country has set his heart upon buying a print media institution currently struggling in financial difficulties, they say. 

This businessman already running several ventures seems to have decided that a media institution would be a source of strength to his family member now deeply involved in politics.  So the particular print media institution, a major stake of which is held by a party supporter now domiciled abroad, is going to be the businessman sibling’s possession lock, stock and barrel in the near future, they say.