Sunday, July 2, 2017

FAKE MEDIA - THE REAL STORY (ORIGINALLY PUBLISHED 2/527/17)

This is by far the most important blog we have written in the six years of the existence of our site.

There is no such thing as the free press and media.  There are however less than a dozen large companies that control practically all of the TV stations, radio stations, Internet access, newspapers, etc.

They are Disney, Viacom, Comcast, CBS, Fox and half a dozen others.

These are companies whose sole objective is to increase the value of their shares by attention getting words and pictures.

ALL OF THE PEOPLE WE SEE ON TV ARE ACTORS AND EMPLOYEES OF THESE LARGE CORPORATIONS.  THEY ALL WORK FOR A HIERARCHY OF MANAGERS AND MUST ADHERE TO THE CORPORATE POLICIES AS SET FORTH BY THE CHIEF EXECUTIVE OFFICER, THE BOARD OF DIRECTORS AND THE CONTROLLING SHAREHOLDERS.

In addition, almost all the so-called media are reading from teleprompters words that are produced and written by people in the back room probably with an average age of less than 40.

A small group of executives control the media so when President Trump says fake media he is not too far off base.

I will close with one example. In the New York Times Sunday Magazine section dated February 26, 2017 there was an article about the increase in private school enrollment..  If you look at the statistics in the enrollment in private schools you will  find the left wing writer made up the story based on completely inaccurate facts. Private school enrollment is down.  A perfect example of completely fake news.

So when you are watching TV or reading the news,  it is not free speech it is entertainment.

If you really want to get confused, remember that CNBC really should not be in the business of giving investment advice to the public.  What an abomination.  
 

Shepard Osherow. All Rights Reserved