Word: moguls
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...There's the larger question about whether this form of mini-media conglomerate can survive. The artist-as-mogul trend (see Puff Daddy and Madonna) has had a bumpy ride. Whether or not Wu-Tang winds up challenging the media giants, and whether or not the world domination thing pans out, the band has built something it may be able to live with. "Sometimes I wake up and say, 'Man, we came from nothing and look at what we've got,'" says Diggs. Clearly, he's seen the mountaintop, and he likes the view. Now send up the accountants...
...sharing program, Napster, had created the world's biggest online free-music community--one that was costing Middelhoff and the rest of the music industry many millions of dollars in lost sales. But by the time they tucked into their steaks, the code-writing whiz was digesting the media mogul's sermon on the Internet being the world's first viable commercial democracy...
Everyone talks about the role of record labels like Time Warner in pumping out vile and violent music albums. Nobody talks about the fact that corporate America is heavily invested in the porn business--"the crazy aunt in the attic," as one AT&T mogul called it. Forget Larry Flynt or the low-rent types from Boogie Nights. When Americans turn on pornography, chances are their money is flowing into the pockets of mainstream companies like Time Warner, GM, AT&T, Marriott International, Hilton and countless others...
...Domini is a capitalist tool from a different mold. "Making money," says the mutual-fund mogul, "is different from stealing money." Companies that manufacture cigarettes, pollute rivers or sell sweatshop goods are robbing from the public welfare, as she sees it. Capital is the tool Domini uses to knock them over the head...
Lemann argued the influence of the press in politics is relatively low. Compared to the 1960s, when a media mogul could make a president, "the political press feels like we don't matter...Nobody is listening to us anymore," he said...