Some documents to be kept under wraps in suit claiming purchase of Times, Mercury News creates local monopoly
To the good: this is not a Bruce Blog head. This is the head and subhead on a surprisingly good story by George Avalos in today’s Contra Costa Times that gives some indication that the old Knight-Ridder fighting spirit on public access and accountability is still in play despite the new ownership of MediaNews Group/Dean Singleton. Read more »
“Investment management excellence, world-class service and guidance.” Positioning line at the top of the T. Rowe Price website.
This morning, my wife and I had an unusual message on our answering machine at home from a customer representative at Charles Schwab. It said that Schwab was notifying us formally that the T. Rowe Price fund family had notified Schwab that “they are restricting your account from any further purchases into Price funds. Read more »
And now this: Are the Conglomerati going to buy the Santa Cruz Sentinel?
The timing was exquisite. This morning, in preparing to appear on the Will and Willie show on 960 the Quake, I checked the Chronicle/Hearst to see if there were any timely new developments on the biggest censored media story of the year—how the Conglomerati are censoring and trivializing their coverage of their move to regional monopoly. (See my blogs and the Guardian’s Project Censored package in last week’s edition). Read more »
Why didn’t the Conglomerati Media cover this major local news story?
Peter Phillips, director of Project Censored, will make a rare mainstream media appearance at 8:05 a.m. Wednesday morning (Sept. l3) to discuss the l0 big stories the nation’s major news media refused to cover last year, as the Bay Guardian put it in its cover story of the last issue.
Peter will explain lay out the stories and explain why the media
censored the following top l0 stories (in descending order):
l. The Feds and the Media Muddy the Debate over Internet Freedom.
The Contra Costa Times report that Hearst could end up “partly” owning the Times and the San Jose Mercury News
I was about to start my daily blog by twitting the Hearst/Chronicle for its two telling heads in today’s paper: front page in big type (“HEWLETT-PACKARD SAYS IT SPIED ON REPORTERS.” And then a David Lazarus special across the top of the business page: “HP’s investigation broke state laws, attorney general says.” Good stories, important subject, good to see the AG awakening from his slumbers, but……why can’t Hearst and the AG move on the big CENSORED media monopoly story that I have Read more »
Memo the readers of the Conglomerati (Singleton/Hearst/McClatchy/Gannett/Stephens papers):
Keep a sharp eye out to see if any of the papers of these big chains publish the Project Censored story. Or if they comment on it or on any of this year’s censored picks. Or if they run any real coverage of the coming of the regional newspaper monopoly, the Guardian's pick as the biggest local censored story. Read more »
There’s a key phrase in this morning’s New York Times account of the Mike Lacey massacre at the Village Voice (“Village Voice Dismisses 8, including Senior Arts Editors, a ‘reconfiguration’ leaves the critic Robert Christgau unemployed”). Read more »
Do not forget to check the Form 8-Ks for juicy information that is usually not disclosed in the corporate press releases of the conglomerati papers and usually not disclosed in their corporate house stories.
For example, the 8-K filing on Aug. 24, 2006, by the MediaNews Group, Inc. (Singleton) with the Securities and Exchange Commission in Washington, D.C., disclosed that key Singleton executives got nice bonuses for their work in consummating the Singleton/Hearst deal:
Joseph J. Lodovic IV, president, got a bonus of $l,000,000.
Just in: another example of how things are going these days in the daily newspaper business:
I just got off the phone with Tom Honig, the able editor of the Santa Cruz Sentinel. I had called him to see if the Sentinel was doing any special competitive coverage on the nearby Monterey Herald, one of the "jewels" that the Singleton Conglomerati is buying with the help of Hearst.
Bruce, he said, we just got word today that the Sentinel is up for sale. I said was astounded. Yeah, he said, there are already rumors about Singleton buying. Read more »