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> That's not true at all. Someone can simply buy all the media, and the free market will not correct that as long as that person has the wealth to persist.

Do you have an example of that happened in real life? Not just a hypothesis. When was a person being wealthy enough to buy all the media?

Not the person you’re replying to, but there used to be regulations limiting ownership of radio & TV stations in the US. When these regulations were lifted in the 1990s, it resulted in one company (Clear Channel) going on just such a buying spree.

Did they buy all the media? A company going on a buying spree doesn't say much about how big they got.

https://en.wikipedia.org/wiki/IHeartMedia makes it sound like this was any old media company and ended up going bankrupt.

Post-soviet Russia. The U.S. gave oligarchs the billions to do it too!

How can you buy all the media when anybody who wants to can come along and start new media?

You can only buy "all the media" when there is a high barrier to entry, and with the internet, the barrier to entry is basically zero.

Can someone buy up every single server so that no one can publish anything on the web?