Tuesday, April 22, 2008

The biggest news nobody noticed.

News Corp., Rupert Murdoch's fief, has quietly put in a nearly $600 million bid for one of the top 25 circulation newspapers in the US. This would give him three top-25 papers in the New York area: The Wall Street Journal, The New York Post and Newsday.

Couple this with Murdoch's ownership of the Fox network and the ownership of NBC by America's 16th largest defense contractor (GE) and you have a dangerous concentration of power in a small number of hands. And war will continue to be good for business. It's programming.

There will be no protest over this attempted sale. No one will know about it. No one will care. It's less important than a pimple on Beyonce's booty.


Tore Claesson said...

less important than a pimple, but with a potential for consequences not so less important.

dawife said...

While everyone is asleep, Mr Murdoch can now make the news around the world just the way he wants it.
I used to think there were laws against monopolies. HA.

geo said...

There were strictures imposed by the FCC; there still are, against concentrated media ownership.

But money talks. And though media ownership used to be considered a public trust, it is for sale to the highest bidder.