Another One Bites the Dust

How important is it to you to believe your newscaster? A half generation ago the most trusted man in the country was Walter Cronkite the nightly broadcast news anchor for CBS. Now news casters have become the laughingstock of the internet.

Brian Williams “misremembering” of events while covering the Iraq War may well cost him his job. And believe me, it is one of the best jobs in American media. There is currently only room for three anchor positions in nightly broadcast news. His position has earned Brian Williams a net worth of $40 million and salary of $13 million per year.

Here may be some of the last words you will hear from the NBC News anchor, “In the midst of a career spent covering and consuming news, it has become painfully apparent to me that I am presently too much a part of the news, due to my actions… As managing editor of ‘NBC Nightly News,’ I have decided to take myself off of my daily broadcast for the next several days.”

You can read more about Brian Williams’s debacle in the NewYork Times.

By the way, according to a nationwide survey the most trusted person in America is now Tom Hanks.

In the Heat of the Marketplace, Media Conglomerates

With the economy swirling away down the toilet, Iran enriching uranium to 20% and the nation surrounded by terrorists, perhaps news of yet another media merger does not do enough to pin the fear meter to make it to the top of the news cycle. One of my favorite media critics thinks differently though. Lisa de Moraes, who writes ”The TV Column” for the Washington Post, took on the exciting job of covering a Senate subcommittee hearing on the proposed merger of Comcast and NBC. Yes that is correct; the cable delivery system wants to be your primary content provider. What could go wrong? You can learn more on Ms. Moraes' take on the proposed merger.

My favorite part is when Comcast CEO Brian Roberts says with a straight face, “Our success will stimulate our competitors to be more innovative, too. So this joint venture should be good for consumers, innovation and competition”. Translated from CEO to English that reads - “by buying out our competitors we hope to make even more money, forcing the other media moguls to do the same and leaving the consumer with even fewer choices.”


Wasn't this all settled by the Paramount decision of 1948, when the United States Supreme Court declared it illegal for movie studios to own the theaters in which the movies that they produced were shown?

Who Owns our Media? Why Should You Care?

On January 29th, 2010 ABC World News chose Steve Jobs as its "Person of the Week" presumably for the introduction of the iPad. What's wrong with this picture you might ask? Here is a short answer to that complex question. ABC is owned by the Walt Disney Company. The largest shareholder of the Walt Disney Company is (wait for it) Steve Jobs, this week's "Person of the Week". Talk about brown nosing your boss. Couldn't you just buy the donuts at the next staff meeting? Don't get me wrong, Steve Jobs is amazing with couple of career's worth of highlights. The question is not "Is Steve Jobs' Life amazing?" Instead the question I would like to ask is - "Does Disney's ownership of ABC News affect the content of ABC News?" I have my answer, what's yours?
Here is the ABC "Person of the Week" story on Steve Jobs -
http://abcnews.go.com/WN/abcs-world-news-diane-sawyer-person-week-steve/story?id=9699563

By way of contrast, here is the NBC Nightly News story run the same days as the Jobs story. NBC calls their segment "Making a Difference." NBC chose not to profile their largest shareholder, but instead did a profile on an ER nurse helping the relief effort in Haiti. Her name is
Gabby McAdoo.

Visit msnbc.com for breaking news, world news, and news about the economy