Category Archives: Journalism

U.S. CEO Pay Jumps 11 Percent

Interesting that Media company CEO’s take 4 of the top 10 slots…

Kind of tells you why we can’t trust the mainstream media….

Does the phrase “bought and paid for” jump out to you like it does me?

This is why “hard” news is being replaced by entertainment programming….

WASHINGTON — Compensation received by chief executives of the biggest US companies surged 11 percent over the past 12 months — to $9.3 million on average, The Wall Street Journal reported.

Citing a study conducted for the newspaper by management consultancy Hay Group, The Journal said the increase was largely due to decisions by company boards to reward CEOs for strong profit and share-price growth with bigger bonuses and stock grants.

The survey covered the 350 biggest companies that filed their statement between May 1, 2010, and April 30, 2011.

Viacom CEO Philippe Dauman topped the list after receiving compensation valued at $84.3 million, more than double his 2009 pay, the report said.

Larry Ellison, the billionaire founder of Oracle, took second place, according to The Journal.

Long ranked among the highest-paid chiefs, he received compensation valued at $68.6 million for the year ended last May 31.

CBS CEO Leslie Moonves landed the number three spot with compensation valued at $53.9 million.

Overall, the CEOs of media companies claimed four of the top 10 spots, the paper noted.

via U.S. CEO pay jumps 11 percent: survey | The Raw Story.

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Margaret and Helen are Back!

My favorite 80 something year old bloggers have been quiet for a while and I was growing concerned…

Well, they’re back with a new post.

I’m glad to see the old girls are still alive and kicking!

Margaret, I wish Harold could have lived to see this day.  As a veteran, he was always hopeful that we would one day get Bin Laden.  He would have been very proud and then he would have been pissed.

Had I not seen it with my own eyes, I would have never believed it.  FOX found a way to turn even this into a negative for Obama.  I tuned in after you called and watched Sean Hannity make a fool of himself like you were saying.  Honestly, that is exactly what I would have expected from FOX – complaining because the US military took the time to follow Muslim traditions before eventually ditching the son-of-a-bitch at sea.   Sean, of course, wanted something a bit more flashy.  Had we done it Hannity’s way, the body would have been photographed wearing Princess Beatrice’s hat.  Honestly FOX, why don’t we just  hang him on a cross and see if his followers retaliate?  Sean is an idiot.

Of course Greta and Glenn were vying for stupidest person on FOX as well, but a race to the bottom on that network is over before it begins.  Was I the only one who noticed all three of them kept accidentally saying Obama rather than Usama? I bet not.  But I bet I am the only one who points it out.

It’s called honor Mr. Hannity, Mr. Beck and Mr. Van Susteren… you jackasses.  Obama understands it.  The US military has it.   FOX needs it. It makes us better than them.  But I guess the morons over at FOX are more worried that 72 Virgins really were waiting for him.  And yes, I know I typed Mister Van Susteren… plastic surgery can only get you so far.

Ten years were a long time to wait for the end of Bin Laden.  I ask you, how long before we see an end to FOX?

Change the channel America.  I mean it.  Really.

via Margaret and Helen.

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How Glenn Beck Cost Fox News More Than $40 million | Media Matters for America

It’s always about money…

And Glenn Beck wasn’t pulling in the advertising dollars because companies weren’t willing to advertise on his show…

This was due to the boycott caused by his lunatic performances…

How much has the advertising exodus cost Fox News? In September 2009, ColorForChange, which was instrumental in launching the Beck ad boycott, published its analysis. Based on advertising rates it concluded that Glenn Beck was bringing in approximately $600,000 less per-week (or approximately $2.4 million per-month), than it was before the boycott began. Keep in mind, that’s when 50 or 60 advertisers had jumped ship. Today, that number hovers between 300-400.

Using that $2.4 million per month estimate, since the fall of 2009, it’s possible the ad-starved Beck show booked nearly $43 million less than it would have if it weren’t facing a boycott. $43 million.

It’s true that throughout the boycott, the official word from Fox News has been that the advertising exodus wasn’t a big deal and that they were just moving advertisers around to other programs and that everything was just fine on the sales side atGlenn Beck. All of which made no sense.

The television industry is built around supply and demand. Glenn Beck has supply in the form of roughly 20 minutes of advertising time sold each episode. And it wants to build demand. Usually, healthy ratings drive that demand since advertisers want to reach the masses. But if suddenly hundreds of advertisers raise their hand and announce they’d be happy to spend money with Fox News, but not on Glenn Beck, then the show’s demand plummets, but the supply –the 20 minutes of advertising inventory—remains the same.

Bottom line? The ad rates go down, even if Glenn Beck remains the third highest rated show in cable news.

via Ratings, Revenues And A Painful Lesson: How Glenn Beck Cost Fox News More Than $40 million | Media Matters for America.

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The Glenn Beck Show is Going, Going, Gone…

Finally, some good news from Faux News….

Glenn Beck really has become toxic if Fox is getting rid of him…

CNN already fired him before he went to Fox….

He’s running out of networks, so he has to go out on his own…

From the Los Angeles Times:

Completing a swift rise and fall from TV stardom, controversial host Glenn Beck will lose his once-popular Fox News show later this year, the network announced Wednesday.

Beck’s 5 p.m. program, which earned scorn from liberals for its attacks on President Obama as well as its devotion to sometimes-obscure right-wing thinkers, was a top cable draw in 2009 and a signpost for the populist “tea party” movement in last year’s midterm elections, which dealt a ballot-box rebuke to the White House.

But ratings plummeted and advertisers bailed as Beck — a cherubic, salt-and-pepper-haired longtime radio host who has compared himself to a rodeo clown — increasingly pursued a hard-to-follow agenda that many found too conspiracy-minded. He also chafed his bosses at Fox News, who faulted him for spending too much time on his far-flung business operations and not enough on honing his TV presentation.

Both sides cobbled together a diplomatically worded statement Wednesday that noted Beck would “transition off” his daily program but stressed that the host and Fox News had reached a new deal for future, as-yet-unspecified projects. Joel Cheatwood, a senior Fox News executive, was hired away to help run Beck’s company, Mercury Radio Arts.

Fox News and Beck both declined to comment beyond the statement.

Roger Ailes, the Fox News chairman and chief executive who until recently had overridden doubts about Beck among his subordinates, said in the statement: “Glenn Beck is a powerful communicator, a creative entrepreneur and a true success by anybody’s standards.”

But there was little mistaking the upshot of the move: Less than three years after joining Fox News from CNN’s Headline News amid a burst of publicity, Beck is being booted off the air. His sinking ratings certainly didn’t help — they fell 32% for the first three months of this year, to 1.9 million total viewers, according to the Nielsen Co.

And after months of reported friction between the host and Fox News as well as an aggressive advertiser boycott after Beck dubbed President Obama a racist, analysts professed little surprise.

via Fox News to end Glenn Beck’s show – latimes.com.

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GE Pays No Incomes Taxes and Now Wants Workers to Make Concessions | AlterNet

Amazing…

It seems there is no sense of shame anymore…

And why should there be when no one holds anyone accountable?

This has all crossed from the absurd to the unbelievable…

The message coming from Washington can’t be taken any other way than that Corporations are not only “people”, they are more important than most people….

And this is barely being reported on MSNBC or NBC– because GE owns them…

You’ve likely already read Lauren Kelley’s piece from last week about how GE is milking the system like you’ve never seen before. The company made $14.2 billion, $5.1 billion of which came from the US, but, through some creative bookkeeping, GE paid no US taxes. That’s right, none. And to make matters worse they actually claimed a $3.2 billion tax benefit. So, that means we owed them money!

Can this story get any worse?

Apparently, yes. Mike Elk reports, “After not paying any taxes and making huge profits, ThinkProgress has learned that General Electric is expected to ask its nearly 15,000 unionized employees in the United States to make major concessions.”

via GE Pays No Incomes Taxes and Now Wants Workers to Make Concessions | AlterNet.

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Losing Our Way

This is a long excerpt from Bob Herbert’s last Column for the New York Times.

He will be missed…

The New York Times is admittedly “re-tuning” it’s Opinion and Editorial pages.  I anxiously await the results.  With the departure of both Bob Herbert and Frank Rich, the Times has lost two great, honest and eloquent voices.

Both these men had the ability to analyze the complexity that is modern America and honestly represent it, in simple, yet sweeping terms to us all in the context of this Country’s past, present and future.

With the Corporate ownership on most of this country’s news media, I am increasingly concerned about the communications options available to Progressive voices.

The “liberal” media bias been disproved and, in fact, replaced by a loud, tactless, overbearing Conservative media that disregards facts and pushes propaganda beneficial to the small groups of very wealthy individuals and corporations that now run our country.

We have become a nation of sheep following the loudest herder…Even if the herder is really a wolf in sheep’s clothing.

The bully pulpit of the New York Times Editorial page is about as close as one can get to speaking from the mountain top…

I only hope there are new Progressive voices waiting in the wings at the Times to step into the shoes of Frank Rich and Bob Herbert.  But they are mighty big shoes to fill…

From Bob Herbert’s last column in the New York Times:

Arthur Miller, echoing the poet Archibald MacLeish, liked to say that the essence of America was its promises. That was a long time ago. Limitless greed, unrestrained corporate power and a ferocious addiction to foreign oil have led us to an era of perpetual war and economic decline. Young people today are staring at a future in which they will be less well off than their elders, a reversal of fortune that should send a shudder through everyone.

The U.S. has not just misplaced its priorities. When the most powerful country ever to inhabit the earth finds it so easy to plunge into the horror of warfare but almost impossible to find adequate work for its people or to properly educate its young, it has lost its way entirely.

Nearly 14 million Americans are jobless and the outlook for many of them is grim. Since there is just one job available for every five individuals looking for work, four of the five are out of luck. Instead of a land of opportunity, the U.S. is increasingly becoming a place of limited expectations. A college professor in Washington told me this week that graduates from his program were finding jobs, but they were not making very much money, certainly not enough to think about raising a family.

There is plenty of economic activity in the U.S., and plenty of wealth. But like greedy children, the folks at the top are seizing virtually all the marbles. Income and wealth inequality in the U.S. have reached stages that would make the third world blush. As the Economic Policy Institute has reported, the richest 10 percent of Americans received an unconscionable 100 percent of the average income growth in the years 2000 to 2007, the most recent extended period of economic expansion.

Americans behave as if this is somehow normal or acceptable. It shouldn’t be, and didn’t used to be. Through much of the post-World War II era, income distribution was far more equitable, with the top 10 percent of families accounting for just a third of average income growth, and the bottom 90 percent receiving two-thirds. That seems like ancient history now.

The current maldistribution of wealth is also scandalous. In 2009, the richest 5 percent claimed 63.5 percent of the nation’s wealth. The overwhelming majority, the bottom 80 percent, collectively held just 12.8 percent.

This inequality, in which an enormous segment of the population struggles while the fortunate few ride the gravy train, is a world-class recipe for social unrest. Downward mobility is an ever-shortening fuse leading to profound consequences.

A stark example of the fundamental unfairness that is now so widespread was in The New York Times on Friday under the headline: “G.E.’s Strategies Let It Avoid Taxes Altogether.” Despite profits of $14.2 billion — $5.1 billion from its operations in the United States — General Electric did not have to pay any U.S. taxes last year.

As The Times’s David Kocieniewski reported, “Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore.”

G.E. is the nation’s largest corporation. Its chief executive, Jeffrey Immelt, is the leader of President Obama’s Council on Jobs and Competitiveness. You can understand how ordinary workers might look at this cozy corporate-government arrangement and conclude that it is not fully committed to the best interests of working people.

Overwhelming imbalances in wealth and income inevitably result in enormous imbalances of political power. So the corporations and the very wealthy continue to do well. The employment crisis never gets addressed. The wars never end. And nation-building never gets a foothold here at home.

New ideas and new leadership have seldom been more urgently needed.

via Losing Our Way – NYTimes.com.

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How television created and then killed Sarah Palin’s political prospects – The Globe and Mail

Great Article from the Globe and Mail…

I’ve been saying for weeks, the media is finally tired of Sarah Palin…

Her 15 Minutes of fame are, hopefully, finally over…

God knows, she’s milked it for every dime she could..

Now the media is already foaming at the mouth over Michelle Bachmann as her successor…

And she’ll be twice as crazy and therefore twice as much fun…

It was television that destroyed Sarah Palin, just as it made her. I’ve said before and I’ll say it again – the arrival of Palin as a major political figure in 2008 was an emanation of the reality-TV culture, anchored in the belief that ordinary or “everyday” people, inarticulate though they may be, and with all the baggage of messy personal lives, are truly compelling public figures. Palin was the political equivalent. A figure who refracts national identity as it is shaped by the culture’s most powerful medium. Authentic, populist and dismissive of sophistication in thought and action.

Then, television duly destroyed the Palin authenticity. The arc of her national political career began with a defining speech at the Republican National Convention in September, 2008, and ended in November, 2010, a few episodes into Sarah Palin’s Alaska. The show, a cringingly inevitable reality-TV series, gave her a huge platform and she blew it. If her exposure on TV in 2008 brought out the authenticity, the show brought out Palin’s inner princess. She talked about being a mom 87 times an episode (I’m exaggerating , but only a little) and made dubious attempts to make political parables linking her family, the outdoors and wildlife. It was ego unbounded. And this after quitting her job as governor of Alaska.

The series had many memorable moments and scenes, but what lingered – and obviously had an impact on Republicans – was the unsubtle undermining of Palin’s assertion that she and her family are “normal, average Americans.” A salmon-fishing trip for the kids involved using a private bush plane to fly to a remote wilderness lake. Palin asserted that such a trip is “an everyday thing” in Alaska, yet any fool watching at home knew the cost had to be in the many thousands. A mountain-climbing trip to Mount McKinley was presented as a trip in the family RV, yet viewers were gobsmacked to find that the vehicle was more like those giant, luxury tour buses used by rock bands.

Television is not kind to blatant hubris and hypocrisy and the series amounted to an epic failure to enhance Palin’s status as the genuine voice of authentic America. Television is flow, not content, and in politics, TV is not a problem to be managed but an instrument to be played. (Marshall McLuhan told us so and it is true.) The flow of Sarah Palin’s Alaska amounted to a river of platitudes and patently insincere assertions. Palin failed to play television as an instrument.

The medium that gave her exposure and heft as a figure representing everyday reality, and ordinary people’s views, finally diminished her fatally. After succumbing to the temptations of a reality-TV series, Palin was exposed as overexposed. The other week, while on Fox News attacking Kathy Griffin, she had all the political heft of some batty lady calling into the phone-in radio show from remote Alaska and braying about things that made sense only in her own head. The presence, the charisma were gone.

Palin arrived as a creature of TV and the medium has eaten her up. Never mind the primaries and U.S. presidential election in 2012. The political obituary can be written now.

via How television created and then killed Sarah Palin’s political prospects – The Globe and Mail.

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Many U.S. Blacks Moving to South, Reversing Trend

Fascinating article on the front page of today’s New York Times…

It will be interesting to see the political implications of this new migration…

Hopefully, this will help reduce the GOP’s hold on the South….

The percentage of the nation’s black population living in the South has hit its highest point in half a century, according to census data released Thursday, as younger and more educated black residents move out of declining cities in the Northeast and Midwest in search of better opportunities.

The Rev. Ronald Peters, above, who moved last year from Pittsburgh to Atlanta, said the black middle class was more hopeful in the South than in the Northeast.

The share of black population growth that has occurred in the South over the past decade — the highest since 1910, before the Great Migration of blacks to the North — has upended some long-held assumptions.

Both Michigan and Illinois, whose cities have rich black cultural traditions, showed an overall loss of blacks for the first time, said William Frey, the chief demographer at the Brookings Institution.

And Atlanta, for the first time, has replaced Chicago as the metro area with the largest number of African-Americans after New York. About 17 percent of blacks who moved to the South in the past decade left New York State, far more than from any other state, the census data show.

At the same time, blacks have begun leaving cities for more affluent suburbs in large numbers, much like generations of whites before them.

“The notion of the North and its cities as the promised land has been a powerful part of African-American life, culture and history, and now it all seems to be passing by,” said Clement Price, a professor of history at Rutgers-Newark. “The black urban experience has essentially lost its appeal with blacks in America.”

via Many U.S. Blacks Moving to South, Reversing Trend – NYTimes.com.

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CNN Tops Cable Ratings Amid World News Bounty – NYTimes.com

Great news about both the rise in ratings at CNN and their returned focus to hard news.  As a former news junkie, there just isn’t anything for me on TV anymore…

I like MSNBC, but they have to be the worst managed Network out there.  As their ratings started to improve, they let Keith get away.  And they basically ceded the weekends by putting that prison crap on all Saturday and Sunday.

They don’t seem to realize the Fox viewers just keep Fox on all the time.  I used to do that with CNN before it became so insipid.  MSNBC will never build that kind of loyalty when they aren’t even willing to program news all week….

Maybe CNN will come back to what it once was.  It would be nice to have at least one TV channel I could watch without wanting to throw things at the TV…

But that still won’t cure the issue with both the number of commercials and their vulgarity that appear on TV…but that’s another post….

CNN has been the big ratings gainer among the cable news networks during the extensive coverage of events in Japan and Libya in the last two weeks, and that success has come mostly at the expense of MSNBC, which has fallen into third place almost across the board because of CNN’s surge.

The disparity has been most noticeable during the last two weekends, when CNN has attracted huge audiences with continuing coverage of the international crises, beating even Fox News, the perennial leader among the news channels. Meanwhile MSNBC, sticking to a weekend lineup of recorded programs largely about problems in prisons, attracted only about a third as many viewers as CNN.

In prime time Saturday, CNN averaged 678,000 viewers among the audience most desired by news advertisers, ages 25 to 54. MSNBC averaged 254,000, while Fox News drew 353,000. On Sunday, CNN averaged 442,000 viewers; MSNBC, 298,000; and Fox News, 344,000.

Now CNN’s advantage has begun to carry over into weeknights. For more than two years, MSNBC has consistently beaten CNN in prime time on weeknights. But for March, CNN has moved ahead from 8 to 11 p.m., beating MSNBC in every hour among the 25-to-54 audience.

If the message seems to be that CNN cannot be matched in covering breaking international news, even MSNBC’s top executive is not disputing it.

“This is where CNN excels,” said Phil Griffin, the president of MSNBC. “This is in their bull’s-eye, and they’ve done a great job. Even Fox News, which dominates them, gets beat by CNN at times like this.”

He called MSNBC’s weekend reliance on “Lockup,” its recorded documentary-style program about prisons, a “tricky situation.” He said, “This is our strategy for weekends, and it has worked well for us.” Its audience now “has an expectation” of seeing such programs on Saturday and Sunday nights, he said.

via CNN Tops Cable Ratings Amid World News Bounty – NYTimes.com.

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How You End Up Bankrolling Fox News: News Corp. and Rupert Murdoch Weasel Out of Paying Taxes | | AlterNet

The GOP is all over NPR…

But what about Fox “News”?

Sounds like they are costing us a lot more than NPR…

But, oh wait, they support the GOP, so they’re safe…

The article goes on to describe how News Corp used a complex network of accounting dodges including as many as 60 shell companies that were incorporated in such tax havens as the Cayman Islands, Bermuda, the Netherlands Antilles and the British Virgin Islands. More recently, an investigation by the New York Times revealed that…

“By taking advantage of a provision in the law that allows expanding companies like Mr. Murdoch’s to defer taxes to future years, the News Corporation paid no federal taxes in two of the last four years, and in the other two it paid only a fraction of what it otherwise would have owed. Du

Fox News has been the beneficiary of government largess for years and it is time stop it and make Fox pay its own way. As far back as 1999, there have been reports documenting how News Corp, Fox’s parent company, exploited loopholes in tax laws that permitted them to avoid levies that all other citizens have to pay. From The Economist:

“…News Corporation and its subsidiaries paid only A$325m ($238m) in corporate taxes worldwide. In the same period, its consolidated pre-tax profits were A$5.4 billion. So News Corporation has paid an effective tax rate of only around 6%. By comparison, Disney, one of the world’s other media empires, paid 31%. Basic corporate-tax rates in Australia, America and Britain, the three main countries in which News Corporation operates, are 36%, 35% and 30% respectively.”

ring that time, Securities and Exchange Commission records show, the News Corporation’s domestic pretax profits topped $9.4 billion.”

via How You End Up Bankrolling Fox News: News Corp. and Rupert Murdoch Weasel Out of Paying Taxes | | AlterNet.

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