Friday, May 25, 2012
Who (Truly) owns the New York Times?
And before your mind goes there, No, No, No... Just Don't.. Don't follow the path of the simpleminded by believing a specific religious denomination that tends to get blamed for everything under the sun (you know which one we mean) controls the media...
This is a serious question and too important to be answered by Kooks.
Who Truly owns the media?
Because they are corporations which are usually publicly traded entities, the answer is Investors. All decisions made by corporate media are in the best interests of the stockholders.
Thus, it is They, the Investor who own the newspapers, TV networks and the like... Just like they own governments who bow down and cater to their every money-making need.
But who specifically are these Investors?
We will provide information on all the newspaper corporations in time via future postings, but for today, the focus is on the New York Times.
Top Investors Shares Held Shares Value
Optimum Investment Advisors, LLC 10,715,274 $105,010,000
T. Rowe Price Associates, Inc. 10,572,400 $103,610,000
Slim Domit Helú (Carlos) 10,050,000 $98,490,000
*** Mexican business magnate and philanthropist; ranked as the richest person in the world in 2012
ValueAct Capital Management, L.P. 7,000,000 $68,600,000
Vanguard Group, Inc. 5,673,932 $55,605,000
BlackRock Trust Company, N.A. 4,707,110 $46,130,000
*** American multinational investment management corporation and the world's largest asset manager
Global Thematic Partners, LLC 4,308,465 $42,223,000
Baron Capital Management, Inc. 3,644,030 $35,711,000
Franklin Global Advisers 3,573,665 $35,022,000
State Street Global Advisors (US) 2,912,676 $28,544,000
Goldman Sachs Asset Management 2,402,878 $23,548,000
*** Ahh, Good ole' Goldman Sachs owning the media
BNP Paribas Asset Management 1,627,450 $15,949,000
*** An asset management company headquartered in Seoul, Korea
Statens Pensjonsfond Utland 921,876 $9,034,000
*** The Government Pension Fund of Norway
~ The above companies retain what are called Class A shares. Arthur Sulzberger Jr. controls 90.2% of Class B voting shares through family trusts.