don't know if you've noticed, but american culture is liberal.
On Dec 27, 2007, at 2:55 PM, Mike Hemeon wrote:
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
latethe 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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