Comments on: No Accountability

By: Bryan

Bryan — Sun, 18 May 2008 17:08:41 +0000

It only works in the sort term. I view these short term strategies as “salting the mine”, a form of fraud, as it weakens the long term potential of the company to make a profit down the road.

Most of the financial world is tied up by tactical thinking, with no vision or ability when it comes to strategy. It hasn’t occurred to them that truly successful investors think of the long term. Taking advice or criticism from people whose paycheck is dependent on “churn”, i.e. constant buying and selling, is rather obviously stupid.

By: hipparchia

hipparchia — Sun, 18 May 2008 05:50:12 +0000

content? whuzzat?

murdoch and friends didn’t get to be gazillioonaires by selling what people want to buy, they got there by convincing people to buy what they want to sell. actual reporting uses up resources, primarily money, that could be accruing to the top dogs.

By: Bryan

Bryan — Sun, 18 May 2008 01:03:33 +0000

They are effectively “eating their children” by laying off reporting staff, the people who actually produce the content. You can’t convince them that local reporting is the reason people buy the paper.

By: hipparchia

hipparchia — Sat, 17 May 2008 18:40:54 +0000

well, i’m holding out for extinction myself. they’ve become too inbred to survive.

By: Bryan

Bryan — Sat, 17 May 2008 17:13:05 +0000

This is agitprop, psyops, or , as Joe Biden would say, bullshit. The Hedgemony has their own media people and advertising budgets, it is past time for the media to start working for their audience while they still have one, or they are going to be extinct.

By: hipparchia

hipparchia — Sat, 17 May 2008 05:24:07 +0000

yeah, i know. i actually found out about it here.

By: Bryan

Bryan — Sat, 17 May 2008 04:14:24 +0000

As corporations it would take a while to trace significant stockholders of the dozen largest media groups – the six major media conglomerates and the half dozen largest print media outlets.

I would assume there are major connections.

By: Michael

Michael — Sat, 17 May 2008 03:47:02 +0000

What percentage of the media is Hedgemony-owned, though?

By: Bryan

Bryan — Sat, 17 May 2008 02:50:50 +0000

Yes and no, because the main point that the MSM is ignoring this is true – the LA Times reported it on their blog, but never wrote a story about it.

It was front page for the Hedgemony’s claims, but the blog or inside with the “lost pets” when the claims are refuted by reality.

When I didn’t see anything by May 6th, I knew they blew it, but life intruded.

By: hipparchia

hipparchia — Sat, 17 May 2008 02:01:32 +0000

ha! i scooped both main and central and asia times!