If it serves an industry to get one candidate elected, those that control the megaphone can describe said candidates flaws with the best possible spin, or not at all.  If this is the major driver of media ownership it explains the Fox paradox. Tucker Carlson and Fox are scoring super high ratings, and competing on uncontested territory. Why does no one seems to want to mimic that and compete for those viewers?

Probably because Big Business doesn't want "Power for The People" or small government or, euwh, competition.

So Big Business owns Big Media, and they both like Big Government. Nearly every big business benefits from big regulation by "friendly" regulators. They get a net of red tape that catches little fish competitors and a river of subsidies that make life sweeter for Big Fish.

And if Big Media hold the key to swing voters, then Big Government likes Big Media, so it's a perpetual self feeding circle.  The media effectively becomes an arm of the left wing large government parties.  It's all so predictable…

Power Over Profits: Here's The Dirty Little Secret Behind The Media's True Business Model

What if the true goal of a media conglomerate is not to produce a reliable and entertaining news service tailored to its audience, but rather to influence that audience on behalf of third parties? What if the purpose of a media company is not to be profitable for its own sake, but influential for the sake of others?

Business models aren't always what they present themselves to be. Movie theaters make money not from ticket sales, but from concession stands. Airlines likewise need to sell tickets, but they make more profit from frequent flier rewards programs. Supermarkets are increasingly big data collectors for insurance companies.