Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/23/2013 (1 year ago)

Catholic Online (www.catholic.org)

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.

What happens when monied interests have control of the media?

What happens when monied interests have control of the media?

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

4/23/2013 (1 year ago)

Published in Business & Economics

Keywords: Koch, brothers, media, news, Tribune Company, purchase, sale


LOS ANGELES, CA (Catholic Online) - The Koch brothers are potential buyers of several media properties including the Los Angeles Times. They have made quite public that they are thinking about buying the Tribune Company which includes The Los Angeles Times, The Chicago Tribune, The Baltimore Sun, The Orlando Sentinel, and The Hartford Courant.

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?

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2014
Peace:
That the Lord may grant peace to those parts of the world most battered by war and violence.
World Mission Day: That World Mission Day may rekindle in every believer zeal for carrying the Gospel into all the world.



Comments


More Business & Economics

Is it a sign of impending collapse? Financial savant Warren Buffett loses two billion in stock market Watch

Image of Warren Buffett recently lost $2 billion from investments in Coke and IBM, which have led some to believe that a stock market slowdown might be imminent.

By Catholic Online (NEWS CONSORTIUM)

Warren Buffett, the man known for focusing on long-term investment performance as apposed to making the quick buck, has lost $2 million in investments. LOS ANGELES, CA (Catholic Online) - Buffett owned Berkshire Hathaway investment house has large investments in ... continue reading


Christmas shopping in October? Apparently it's becoming a big deal Watch

Image of Shoppers are already out, despite the fact Halloween hasn't even arrived.

By Catholic Online (NEWS CONSORTIUM)

Shoppers are starting early with October 5 being declared by retailers as "Stock Up Saturday." Consumers are already Christmas shopping which means more of the revenue available to retailers will be harvested earlier in the shopping season. For retailers that choose to ... continue reading


List of Top 20 World Brands - Apple tops Google as world's leading brand for second time in row Watch

Image of The Apple Watch has enjoyed success in numerous fashion circles, featured on the cover of Vogue, among others.

By Catholic Online (NEWS CONSORTIUM)

Apple has topped Google as the world's most valuable brand for the second year in a row. The two companies are the only brands to be valued at more than $100 billion, according to the annual Best Global Brands report. LOS ANGELES, CA (Catholic Online) - ... continue reading


Here they come! China passes U.S. economy based on purchase power Watch

Image of Under President Obama's administration, China may surpass the U.S. economy.

By Catholic Online (NEWS CONSORTIUM)

The International Monetary Fund (IMF) has reported that China has overtaken the United States and is now the world's largest economy, at least based on purchasing power parity (PPP). LOS ANGELES, CA (Catholic Online) - The IMF said that by the end of 2014, China ... continue reading


Rosie the Riveter would cry: Record 55,553,000 women not participating in U.S. workforce Watch

Image of The strides made by women in the workplace sadly isn't reflected in recent job statistics.

By Catholic Online (NEWS CONSORTIUM)

The strides made by women in the workplace seems to have gone up in smoke across the United States. The determined visage of Rosie the Riveter during World War II to women taking the place of men in hard industry - declaring "We can do it!" would certainly shed ... continue reading


400 wealthiest Americans now worth cumulative $2.3 TRILLION Watch

Image of Facebook founder Mark Zuckerberg has finally cracked America's most wealthy top ten at tenth place.

By Catholic Online (NEWS CONSORTIUM)

The rich, indeed get richer -- America's wealthiest are worth more than ever before. The United States' top 400 billionaires are now worth a dazzling $2.3 trillion, according to the latest edition of the Forbes 400. LOS ANGELES, CA (Catholic Online) - It comes ... continue reading


Record debt coupled with slow growth point to economic crisis, Geneva Report says Watch

Image of The Geneva Report says the rapid rise of public sector debt in rich countries and private debt in emerging markets, especially China, may lead to0 fresh economic crisis.

By Catholic Online (NEWS CONSORTIUM)

Record debt and slowing economic growth suggest the global economy could be heading for another crisis, the 16th annual Geneva Report warns. Commissioned by the International Center for Monetary and Banking Studies, the report predicts interest rates across the ... continue reading


Walmart to enter banking world with low-cost checking accounts Watch

Image of Walmart has been eying financial services for some time now.

By Catholic Online (NEWS CONSORTIUM)

Walmart is making its biggest venture into the banking world after several failed attempts in the past. The nation's largest retailer is joining Green Dot, already known for its prepaid payment cards, to supply checking accounts to nearly everyone over 18 years ... continue reading


The Chinese are coming! E-commerce giant Alibaba cleans house with its initial public offering Watch

Image of Chinese e-commerce giant Alibaba has raised more than $21 billion with its IPO, with stocks priced at $68 per share, signaling a strong demand for the tech-giant.

By Catholic Online (NEWS CONSORTIUM)

The Chinese e-commerce giant Alibaba has made the largest U.S.-listed initial public offering (IPO) of all time, with stocks priced at $68 per share, signaling a strong demand. LOS ANGELES, CA (Catholic Online) - Only large investors, like hedge funds, can ... continue reading


Bottom of the Barrel - Thanks to business tax, the U.S. is Number 32 in the world Watch

Image of A competitive tax code is one that limits the taxation of businesses and investment. Since capital is mobile and businesses can choose where to invest, tax rates that are too high

By Catholic Online (NEWS CONSORTIUM)

A new international ranking shows that the U.S. tax burden on business is close to the worst in the industrialized world. So says the Wall Street Journal, the nation's leading journal on business. The White House and Sen. Charles Schumer (D., N.Y.) will attempt ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Ephesians 4:1-6
1 I, the prisoner in the Lord, urge you therefore to ... Read More

Psalm, Psalms 24:1-2, 3-4, 5-6
1 [Psalm Of David] To Yahweh belong the earth and all ... Read More

Gospel, Luke 12:54-59
54 He said again to the crowds, 'When you see a cloud ... Read More

Saint of the Day

Saint of the Day for October 24th, 2014 Image

St. Anthony Mary Claret
October 24: Claretian archbishop and founder. Anthony was born in Salient in ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter