I began this article to address the growing scandal in England over media mogul Rupert Murdoch’s News of the World Newspaper. This English tabloid, its managers, reporters, private investigators & even the London Police have been embroiled in a phone tapping scandal that began in 2006 when police investigations discovered that Prince William’s private phone messages had been hacked by the newspaper. One editor & one private investigator were convicted in 2007 and jailed in the incident. But the allegations & investigation are far from over. Only days ago, new allegations against the paper claim that it also tapped into two murder victims’ home phone messages (deleting some) in 2002, the private home messages of victims of London’s 7/7 attacks and even the home messages of dead soldiers’ families’ home messages.
This is news in and of itself. However, as I investigated the matter further, I couldn’t help but come across Rupert Murdoch’s larger story- the story of a multi-billionaire who ‘owns’ one of the largest news organizations (including Fox & its affiliates) in the world: News Corp. Sources have it that Murdoch’s News Corp. reaches about 1/4 of the earth’s population. Allegations, some of which is confirmed by Murdoch himself, say that he uses his organizations to reflect his own personal political agendas. In some years, he has supported Hillary Clinton & Barak Obama in the United States and Tony Blair in England- all leftist politicians. Other years, he has supported conservative individuals such as Bush and David Cameron of England. The Sun, one of Murdoch’s English papers, crowed its success in swinging a critical election in England. Murdoch himself is on tape bragging about how he ‘tried’ to affect certain elections and failed.
Astounded that one man could control so much information, I was led to wonder, “Who owns the rest of the news media?” There are six top news media outlets: GE who owns NBC, MSNBC & TeleMundo; News Corp which owns FOX, the Wall Street Journal & the N.Y. Post; Walt Disney (again, who knew?) which owns ABC; Viacom, whose only news venture appears to the an Indian media company, Global Broadcast; CBS; and finally, Time Warner which owns CNN. I researched the stock market to see who owned them. While each has individuals, like Rupert Murdoch, who own large stakes, it is the institutions which own the lion’s share. As I looked through these institutions, I saw an eerie pattern of ownership emerge. I have provided links for your information. Do you see the same pattern I saw?
Seeing the patterns, I decided to create a series of charts which would track what news outlets each of these institutions controlled.
The results left me speechless. ALL of the news media are PRIVATELY owned by six or so families and/or groups: the oldest & the richest of all people. Both the liberal & conservative press belongs to them. They share ownership equally. The scheme they have used to purchase ALL the news media outlets is disgusting, people of America. While it took me an entire day of intensive research through the stock exchanges, it wasn’t that difficult to re-engineer the information and backtrack the ownership to a tiny number of people. When I looked at my final charts, I wasn’t sure what disgusted me more- the fact that they don’t even bother to really hide the information or the information itself.
These are the groups (and the top individuals within them) who own EVERY news organization: Fidelity Investments (FMR LLC) which is privately owned by the Johnson family; The Vanguard Group which is privately owned by William McNabb, John Bogle, Richard Carpenter, George Sauter, & Morimer Buckley; Capital Group Companies (Capital Research Global Investors, Capital World Investors) which is privately owned by James Rothenberg, Timothy Armour, John Webb, Paul Haaga & Paul Roye, Philep de Toledo, Michael Jackson, Scott Khemthong, Brendan MacMillan, John Smet, Martin Romo, Robert Lovelace, Grant Cambridge, Michael Kerr, Wagener, David Fisher, Joyce Gordon; the mysterious Price (TROW) Associates, Inc (Owned by TROW Price Group) which is both private & public, oddly owns J.P. Morgan and in return is owned by J.P. Morgan in a bizarre circular scheme that makes them appear to be the same agency and is owned by James Kennedy, Kenneth Van Moreland, Brian Rogers, Joseph Paul Croteau, Barbara Ann Van Horn, Edward Bernard, Michael Gitlin, William Stromberg, Christopher Alderson, and John Linehan; Wellington Management Co., LLP which is privately owned by Perry Marques Traquina, Frank Catrickes, Frank Teixeira, Edward Johnson Steinborn, and Thomas Louis Pappas; and lastly Dodge & Cox which is privately owned by Wendell W. Birkhofer, Bryan Cameron, John A. Gunn, Harry R. Hagey, David C. Hoeft, Kenneth E. Olivier, Charles F. Pohl, Gregory R. Serrurier, and Diana S. Strandberg.
To summarize: these are the six private companies that own all the news: Fidelity Investments, The Vanguard Group, Capital Group Companies, Price (TROW) Group (though technically public, is actually private), and to a lesser extent Wellington Management Co. LLP and Dodge & Cox.
“How have they avoided monopoly laws”, you might wonder. Ah. They think they are clever. Each of these families & groups use the EXACT same ‘shell’ companies to purchase the news. Each of their stock profiles look almost identical. Each family or group has bought either directly into the stocks of the news organizations or have used ‘vehicle’ companies, all owned by them, to purchase the news. No matter how you cut the cake, they have split the news between them in what looks like a scheme to ensure that no family or group gets the upper hand on the other. The patterns are too similar to be a coincidence. No way, no how.
These are the ‘vehicle’ companies that these groups & families own and use to make their acquisitions: Goldman Sachs, J.P. Morgan (and Price TROW Association in a circular ownership scheme), State Street, BlackRock and Alliance Bernstein. That’s it. The six families and/or groups each own about equal shares of these ‘vehicles’. They split them up between themselves. They have the controlling majorities together.
These ‘vehicle’ companies all own GE (which owns NBC & MSNBC), Disney (ABC), TimeWarner (CNN) and Goldman Sachs (CBS & NewsCorp’s FOX). Technically, they are ‘publicly’ traded, but these families and groups own all the controlling interest in them! The only media outlet they seem uninterested in is Viacom, which focuses on entertainment and only one small news outlet in India.
Do any of these ‘vehicle’ companies sound familiar? Like Goldman Sachs & J.P. Morgan who received massive bailout funds paid for by you & me? Uh, huh. We spent our sweat soaked cash- the cash that should be feeding our families- to these six families & groups so that they would not lose their pocket change. How do you like that?
These people believe we are that dumb. That no one will ever wonder what I wondered. That no one would take the time to backtrack the ownership back to them. That no one would bother to tell everyone.
Information is POWER. And controlling what the people of the world, through the power of the American press, means being able to present the ‘story’ of ‘reality’ to the world. All these people need to do is get together in a room, decide how they want to ‘spin’ human events in their favor and then direct both the conservative & liberal news outlets to put out the message.
“What have they to gain by working both sides of the aisle?”, you might ask. Well, they can tell you that there are only two sides of the aisle! What if I told you that there is a third story? What if the story is their story? What if these few people have their OWN agenda? And they are pitting us Americans against each other to distract us from the real issues? And what if they are pitting Americans against other countries as well? What if they deny coverage to politicians who will not walk the line? Why do these people meet with every presidential candidate?
Something stinks here. And I think I have found the rotting fish. This is proof of news conspiracy. This is proof of these powerful few directing our government, President Obama in particular, to bail the ‘vehicle’ companies out. It is NOT a coincidence. It needs to be ended. We need legislation that will FOREVER ban the private ownership of all the news into so few hands. Laws need to be enacted that will end the ability of a cartel to create ‘public’ companies of which they own the controlling shares and with which they then use to purchase & control the media of our free nation. We need to end the money flow into our politics- especially in our presidential elections- no more $35,800 meals for any campaign fund-raisers.
It needs to end, fellow Americans. Our politicians can neither be subject to threats of media shut-out nor under the intoxicating influence of money from these few corrupt rich. This is our country still. If we do not wake up and demand the end of central control of the news and the end of massive money flows into our elections, we will be laughable pawns on a chessboard not of our choosing.