Amazon’s founder and CEO Jeff Bezos is one of many billionaires beguiled by the news industry. He joins Rupert Murdoch, who controls Fox News and the Wall Street Journal, Michael Bloomberg, who founded his eponymous news agency, Laurene Powell Jobs, who bought a majority stake in the magazine, The Atlantic, and Sheldon Adelson who controls the Las Vegas Review-Journal– to name just a few.

As we approach World Press Freedom Day, this year there is sadly little to celebrate and much to defend. Press freedom around the world is under siege, misinformation is rampant, and journalists continue to be arrested and even killed in the line of duty. The COVID-19 pandemic has exacerbated these three threats and provides cover to authoritarian leaders already intent on curbing press freedom.

Misinformation about COVID-19 is still spreading almost as fast as the coronavirus itself. People are understandably anxious for news about how to stay safe amid the pandemic, but many are turning to two fonts of misinformation: social media and their immediate personal networks. Much of the information shared on social media or among family and friends reappears almost as quickly as it is debunked.

It may feel like a constant cascade of news, but the coverage is proportional to what could be the biggest global health crisis in more than a hundred years. And when you consider how much more globally connected we are now than during the flu pandemic of 1918, and how much the world economy relies on precisely that connection, it’s arguable that this crisis could prove to be even worse.