Word: moguls
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Dates: during 2000-2009
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...mogul P. DIDDY may finally soak some sweat into that tracksuit when he runs the New York City Marathon next month to raise money for children's charities. Admitting he's not well prepared for the event (he's on a strict regimen of only one party a week), he says, "If I have to crawl, I'm gonna finish the race." Oddly, his fitness plan includes a low-carb, high-protein diet, precisely the opposite of what most pasta-scarfing distance runners eat. But then, they don't have a Bentley for a sag wagon...
Aside from the possibility of a despotic media mogul swaying the minds of an unassuming American public, perhaps the most real and inevitable effect of increased media consolidation is that it stifles what little diversity and objectivity remains in our politically-charged media today...
...corpulent, outrageous personality who, luckily, is confined to pandering to the American public via radio waves; and maybe even Rupert Murdoch himself—the owner of this notoriously biased conglomerate who stands to be a great beneficiary of relaxed media regulations—playing himself as media-mogul-turned-right-wing-televangelist. The repercussions of such a team would probably prove fatal to intelligence in all its forms...
...according to unnamed sources in all the papers, is Murdoch's 30-year-old son James. For many public companies, such a move would be considered drastic for its blatant nepotism. But this tasted like vintage Murdoch. For decades the global mogul has made a habit of replacing successful bosses within his vast $17.5 billion News Corp. empire (which owns 35.4% of BSkyB). But even if it's in character, Ball's removal, if true, raises serious questions. After all, BSkyB wasn't falling, so why mess with a winning formula? Or is Ball leaving of his own accord? Does...
...course, the hand is not yet won. The two companies must complete a 30-day negotiation phase, and the deal is not likely to close until early 2004. Media mogul Barry Diller's complicated minority ownership rights in Vivendi must be unwound, the theme parks sorted out and management posts secured. Only then can imagination get to work...