Malone Says Big Tech’s ‘Natural Monopoly’ Tough to Self-Regulate

Billionaire cable mogul John Malone said the world’s most powerful technology giants are becoming more of a monopoly and it’s difficult for the companies to regulate themselves.

“Big Tech is increasingly a natural monopoly,” he said at the Paley International Council Summit. “They have this network phenomenon and they are so scale-driven that, once they get to that scale, it’s very, very difficult for competition.”

Malone, 80, was a trailblazer of cable television and his sprawling media empire includes holdings in Discovery Inc., Formula One and even the World Series-winning Atlanta Braves. He was interviewed Tuesday by Mike Fries ...