The natural answer to democracy is oligarchy. Magnates fund newspapers, TV stations, universities, think tanks, social media, whatever applies in given era, which inform the masses what's "hot" and what "trends" and whom to elect to make the world hotter still. There is no problem with that and nobody ever complained, until foreign magnates or - God forbid governments - manage to capture a sizable audience, then it suddenly becomes a problem and an immediate threat to our democracy.
(BTW, the alleged direct CCP involvement is some tinfoil hat stuff, any evidence so far? Of course, there is undeniable indirect influence - things the CCP doesn't like simply wouldn't fly in China in the first place).