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NY Times: Media Hypocrisy (1 viewing) (1) Guest
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TOPIC: NY Times: Media Hypocrisy
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| NY Times: Media Hypocrisy 2 Years, 9 Months ago |
Karma: 2 |
After Mexican Billionaire Carlos Slim provided a bridge loan to the NY Times, he went from being called a "Robber Baron" to "Shrewd Businessman".
BEFORE
"Indeed, by this measure, [Carlos] Slim is richer even than the robber barons of the gilded age. John D. Rockefeller, America’s richest man, was worth the equivalent of about 1.5 percent of the nation’s G.D.P....But the momentous scale is not the most galling aspect of Mr. Slim’s riches. There’s the issue of theft. Like many a robber baron -- or Russian oligarch, or Enron executive -- Mr. Slim calls to mind the words of Honoré de Balzac:
'Behind every great fortune there is a crime.'" -- Eduardo Porter in an August 27, 2007 editorial on Mexican media mogul Carlos Slim.
AFTER LOAN
"Carlos, a very shrewd businessman with an appreciation for great brands, showed a deep understanding of the role that news, information and education play in our interconnected global society....As he spoke at our meeting, he conveyed the quiet but fierce confidence that has enabled him to have a profound and lasting effect on millions of individuals in Mexico and neighboring countries. Carlos knows very well how much one person with courage, determination and vision can achieve." -- Times publisher Arthur Sulzberger Jr. praising Slim for Time Magazine's 2009 "Time 100" list, soon after he had purchased 6% of NYT Co. shares and lent the company $250 million.
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| Re:NY Times: Media Hypocrisy 2 Years, 9 Months ago |
Karma: 0 |
Classic.
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| Re:NY Times: Media Hypocrisy 2 Years, 9 Months ago |
Karma: 0 |
Well if you were bleeding $30mill a month you'd sell out to a Mexican telecommunications mogul too! Wouldn't we all?
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| Re:NY Times: Media Hypocrisy 2 Years, 9 Months ago |
Karma: 1 |
How much is integrity worth?
When asked, journalism students in the 1980's wanted to report the news, less then 20 years later their response shifted to wanting to change the world.
Journalism, especially MSM, lost all credibility in the Obama race. As blogs and other outlets start holding them accountable, it is our turn to "get a chill down our leg."
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