Here's what's wrong with the Koch brothers buying the Tribune
Whaty happens when every channel is the same channel?
America is an illusion of democracy because money rules all. Political causes are successful only if they secure major funding. Likewise, the media is subject to acquisition and billionaire investors use the media to promote their views. Soon, the Koch brothers will decide if they too want to enter the media business.
The properties are collectively valued at $623 million, a small price for Koch Industries which is itself valued at $115 billion.
The purchase would potentially buy for the Koch brothers, a substantial share of media voice.
While many people share the publicly expressed political ideals of the Koch brothers, the problem is that the media is becoming another commodity that the wealthy can buy to spread their unique message, whatever that message may be. If you control the media, you control information, its spin, and ultimately you can influence people.
America has become pay to play, and only the wealthy can afford to play.
The Koch brothers are not the only potential buyers. Big-money Democrats are also eying the Los Angeles times for purchase. Other properties are also being evaluated by potential bidders.
The Koch brothers have already said they do not wish to control the media, however they have been concerned about the quality of their media portrayal in the past. In fact, the brothers have been widely vilified by most of the mainstream press because of their unequivocal support of libertarian ideals.
To counteract this vilification, the brothers have established a website where they can report their side of the story directly to readers who wish to formulate informed opinions.
Meanwhile, some voice concern should the Koch brothers acquire a major newspaper in a traditionally left-leaning area, such as Los Angeles. How can a libertarian publication survive in such an environment?
The answer is that the Koch brothers likely have no intention of micromanaging reporting. Furthermore, since the brothers are libertarian rather than staunch Republicans, people may be surprised to find they support many ideas which Democrats also hold dear.
Above all, the Koch brothers have supported the concept of smaller government, lower taxes, and more freedom. Really, what's not to like about that?
The issue at hand goes well beyond anyone's political beliefs. The actual issue that should be considered is what happens when the political process, and the media are both dominated by big money? What happens to freedom when the people who make our laws and the news we hear, is a commodity that is exchanged between the super-wealthy?
Who speaks for the man on the street when a voice or a vote costs millions?
© 2013, Distributed by NEWS CONSORTIUM.
Pope Francis Prayer Intentions for December 2013
General Intention: Victimized Children. That children who are victims of abandonment or violence may find the love and protection they need.
Missionary Intention: Prepare the Savior's Coming. That Christians, enlightened by the Word incarnate, may prepare humanity for the Savior's coming.
Rate This Article
Leave a Comment
More Business & Economics News
- 'Dirty money' greatly hindering help to developing nations
- Goodbye dollar, Move over Bitcoin, JPMorgan may be preparing to launch its own virtual currency
- China banks ban Bitcoins - virtual currency hits slump
- Black gold, Texas tea! How a major discovery in a tiny Australian mining town is about to change your world
- Unregulated? Bitcoin goes mainstream and why that's a good thing
- Casino mogul vows all-out war on online gambling
- Prepaid debit card, without fees offered by Google
- Digital killing the dinosaurs, Tribune Co. to cut 700
- Merit found in employees' complaints against Wal-Mart
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?
Disclaimer: The columns, articles, advertisers claims and any other features provided on Catholic Online Business & Economics are provided for personal finance and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of Catholic Online and there is no implied endorsement by Catholic Online of any advice or trading strategy.