Why don't all of the liberals I'm sorry progressives, get together and
purchase a group of TV or radio stations? Could it be they think the
government should give just give the stations to them. If you have the green
you can buy whatever it is you like.
Jersey Shore John <[EMAIL PROTECTED]> wrote: Longtime associates of
President George W. Bush are consolidating their hold on American media with a
string of recent purchases.
Conservative media mogul Rupert Murdoch's News Corp. announced of late the
sale of 8 of its US television stations to a private equity firm -- Oak Hill
Partners -- for an estimated $1.1 billion dollars that is expected to close
sometime in 2008.
The deal leaves Murdoch with another 27 television stations in major US
cities such as Boston, New York City, and Los Angeles, as well as The New York
Post, a controlling interest in BSkyB, movie studio 20th Century Fox, and Wall
Street Journal publisher Dow Jones & Co Inc.
Oak Hill Partners lead investor Robert M. Bass, a longtime associate of
George W. Bush, is also the founder of Ft. Worth, Texas-based Bass Brothers
Enterprises. Oak Hill issued a statement announcing the stations would be
jointly managed by a broadcast holding company, Local TV, that was created by
Oak Hill for the purpose of purchasing 9 other television stations from The New
York Times previously this year.
Conservative ties for the Bass Brothers
Robert Bass, along with his brothers Lee, Ed, and Sid, from a wealthy Texas
oil family, all attended Yale University where Ed was a classmate and friend of
George W. Bush. The brothers later became Bush's number 5 career patrons, as
well as business dealings with now President Bush.
Robert Bass is also the founder and chairman of Aerion Corporation, which has
been the recipient of several very lucrative DARPA contracts for the
development of supersonic laminar flow wing studies, along with research and
test flights.
News Corp. had originally intended to sell off 9 of its US television
stations; however Bass's subsidiary, Local TV, could not purchase WHBQ-TV in
Memphis, Tennessee as it had previously purchased CBS affiliate WREG-TV:
"Federal Communications Commission rules allow market duopolies but only one of
the two stations under a single owner can be among the market's four top-rated
stations there and there must be least eight unique station owners in the
market once the duopoly is formed."
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