Monday, May 28, 2012
Who (Truly) owns the News-- Pt. 3
In brief summary, all corporate media is owned by investors i.e. shareholders. That is the corporation's sole fiduciary.. they are the Only ones that ever matter. And who are the shareholders? Banks, hedge funds, investment firms and other power-entities in the world of finance.
We're going to focus on one other media entity then move on to other topics in the future. Today, we're going to look at Gannett Media.
In case you're not familiar with them, they own USA Today and local newspapers & TV stations in 37 US states including the Detroit Free Press, Indianapolis Star and Cincinnati Inquirer
Full list found here: http://www.gannett.com/section/WHOWEARE11
So who are Gannett's biggest investors? If you read the previous two postings, you'll find some recognizable names...
Top Investors Shares Held Shares Value
JP Morgan Asset Management 21,915,328 $330,702,000
** Run by scumbag CEO Jamie Dimon; holds 9.5% of all Gannett stocks; also holds over 108k shares in Washington Post stock
AllianceBernstein L.P. 16,919,720 $255,319,000
Ariel Investments, LLC 14,583,208 $220,061,000
** Also holds 108k shares in Washington Post stock holdings
Vanguard Group, Inc. 12,852,238 $193,940,000
** Holds 281k shares in Wash. Post stock & 5.6M shares in NY Times
Alden Global Capital Ltd. 9,337,262 $140,899,000
BlackRock Institutional 8,187,019 $123,542,000
** World's largest asset manager; also owns 4.7 M shares NY Times and about 204k shares in Wash Post
State Street Global Advisors (US) 7,835,032 $118,231,000
Credit Suisse Securities (USA) LLC 7,664,288 $115,654,000
** Swiss Bank
Goldman Sachs Financial Markets LP 7,500,622 $113,184,000
** King of the Scum; also owns 2.4M shares of NY Times
LSV Asset Management 7,486,120 $112,966,000
Invesco Advisers, Inc. 6,855,227 $103,445,000
Optimum Investment Advisors, LLC 5,893,572 $88,934,000
** Also owns a whopping 10.7 M shares worth $105M of New York Times stock, the newspaper's largest holder
Bank of America Merrill Lynch (US) 5,183,449 $78,218,000
** Another immoral bunch of dirtballs...
Aston/Optimum Mid Cap Fund 4,530,300 $68,362,000
Sorry to belabor a point, but This is why the media does such a piss-poor job of truly informing people as to what's going on in the US economy, why the lie 'recovery' is pushed so hard, and why tens of millions of people are utterly brainwashed daily into believing the financial sector is good, with its success meaning America's success...
You can also see why almost everything in this country is 'too big to fail'.. everything intertwined like cancer and disease in a 'host' i.e. America. Kill the cancer, kill the host... or do nothing and watch the cancer kill the host slowly...
Bad choices all around.
All media have agenda.. ALL. And rather than one wealthy magnate influencing and molding popular opinion like William Randolph Hearst in the early-mid 20th century and to a lesser extent, Rupert Murdoch today, agenda is now molded by the stockholders.
Just like a politician is likely to push laws onto the books that represent his/her biggest campaign donors, newspapers will push ideologies that are the most friendly and agreeable to their shareholders.
If you agree that the financial sector is full of noble, patrotic people, that Wall St needs to keep going up, up, up, that the US is in recovery and that everyone has a god-given right to make as much $$ as humanly possible even if they're in their 80s or 90s, then pick up a newspaper tomorrow, find a comfy-cozy spot to sit, and Enjoy~
If you want truth and reality, you will seek it out on the internet via reputable sources and of course, keep reading here. At 'A&G' we don't want your money-- we just want you awake.