Word: bagdikian
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...assume that Case, Levin, Ted Turner and Bob Pittman are the benign presences they appear to be. The problem has to do with putting the structure in place now for what will certainly happen later. It has to do with what media critic Ben Bagdikian prophesied more than a decade ago: that fewer and fewer corporations would come to dominate the media environment, resulting in the free-enterprise equivalent of a Ministry of Culture. It has to do with mega-communications conglomerates that are already bigger than the economies of countries whose monopolistic information policies we condemn as a violation...
...what, then, ought to be the guidelines? Ben Bagdikian, former dean of the Graduate School of Journalism at Berkeley, believes that reporters with a special interest in a story should be barred or should recuse themselves from covering it. "There are two problems," he says. "One is whether reporters with an involvement or stake in a story can be objective. The other is whether or not readers can believe they're being objective...
...fellow corporate raiders, everyone has become acquainted with such phrases as "mergers and acquisitions," "insider trading" and "hostile takeover." But while the media have closely covered the excesses of Wall Street, they have not been so careful to report the recent slew of takeovers in their own industry. Ben Bagdikian, the dean of Berkeley's Graduate School of Journalism, has called these developments, in a book of the same name, "The Media Monopoly...
...CEOs of the big media corporations are almost all white, male, conservative and Republican. Most of the corporations are members of the Fortune 500, and many invest in banking, nuclear power, defense or energy industries. Bagdikian writes that it is "normal for all large businesses to make serious efforts to influence the news, to avoid embarassing publicity and to maximize sympathetic public opinion and governmental policies. Now they own most of the news media that they wish to influence...
...editors willy-nilly into the world of management is the decline of family-owned newspapers and the surge in the value of media companies on Wall Street. "It is no longer sufficient for most owners of newspapers to show a good return year in and year out," says Ben Bagdikian, author of The Media Monopoly. "There must be increasingly higher returns because those profits are no longer just something that apply to that individual paper. They go to the parent firm, which is often paying off debt for mergers and expansions...