I know that most of us on here are supporters of the Washington Post and the NYT with their crusades against the Orange Menace but there is another side of the coin.
A streaming service starts in the UK today, BritBox, which is a combination of the BBC, ITV, Channel 4 and Channel 5 with material from their back catalogues. This idea was proposed by these companies 10 years ago when the likes of Netflix were still in their infancy. The idea was squashed by the British government regulator who cited something like 'unfair competition for Sky TV' as the reason for blocking it.
Sky TV was owned by Rupert Murdoch who also owned the largest circulation newspaper in the UK, the Sun. The then government was either leaned on or knew that if they allowed the streaming service to go ahead the not inconsiderable influence of the Sun newspaper, plus others of Murdochs UK empire, would be directed to unseating them at the next election with lots of negative stories thrown in for good measure in the meantime.
So a great opportunity to get into global market at the beginning was lost because it was not in the interest of a media mogul.