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The warning of Theodore Roosevelt has much timeliness today, for the real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over City, State, and nation. It seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and every agency created for the public protection. To depart from mere generalisations, let me say that at the head of this octopus are....a small group of powerful banking houses generally referred to as the international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes.
- Gary Allen, None Dare Call It Conspiracy
General Electric is a true behemoth: the conglomerate is the world’s third largest company with market capitalization of nearly $370 billion and annual revenue of $173 billion (2007). The company produces practically everything – from aircraft engine to locomotives to medical devices.
GE’s media holding includes television networks NBC and Telemundo, 27 television stations in the United States and many cable TV networks, including the History Channel, A&E, and Sci Fi Channel. It also owns the popular web-based TV website Hulu.
Time Warner is the world’s largest media and entertainment company – it owns major operations in film, TV, print, Internet, and telecommunications. Time Warner has an annual revenue of $50.5 billion (2008) – the equivalent of the entire GDP of Luxembourg.
Like cartoons? Time Warner’s got you covered with Cartoon Network and Adult Swim. Classic movies? Check (Turner Classic Movies). And who can forget CNN and Headline News? Both are Time Warner properties.
Note: CW is co-owned by Time Warner and CBS.
You may associate it with amusement parks, but The Walt Disney Company has grown to be one of the world’s largest media and entertainment corporation since its founding as an animation studio by brothers Walt and Roy Disney in 1923.
The Walt Disney Company owns the ABC television network, with more 200 affiliated stations reaching nearly 100% of all U.S. television market, as well as dozens of niche cable networks. True to its cartoon animation origin, Disney captures its viewers early – it counts millions of young children as its audience with kids channels like the Disney Channel.
Rupert Murdoch’s News Corporation is a behemoth: it is the largest media company in the world by market capitalization ($38 billion). For most people, the conservative news channel Fox comes foremost to mind when asked what they think of Murdoch’s media empire – but the company’s holding is far larger: it includes Asia’s Star TV Network, the National Geographic Channel and even the iconic TV Guide network.
Don’t watch TV? Even if you prefer to browse the Internet, most likely you’ve visited News Corp’s property, which include Hulu (owned in partnership with GE through its subsidiary NBC Universal) and the social networking giant MySpace.
CBS (which used to stand for the Columbia Broadcasting System) is not sometimes called the Tiffany Network for nothing: the company is known for its high programming quality. It is currently the most watched television network in the United States, and reached more than 103 million homes in the country.
Both CBS and Viacom (see below) are owned by multi-billionaire Sumner "content is king" Redstone, through his holding company, National Amusements.
Viacom stands for "Video and Audio Communication" – and true to that name, the company owns a large number of cable and satellite television networks (the company was split from CBS Corporation in 2005, though both have the same majority owner).
In 2007, Viacom filed a $1 billion lawsuit against Google and YouTube for copyright infringement and recently a federal judge granted Viacom’s request for data of all YouTube users. The blogosphere has since called for a boycott of all Viacom properties – so that means no MTV, VH1, Nickelodeon or – gasp – Comedy Central for you!
Viacom stands for "Video and Audio Communication" – and true to that name, the company owns a large number of cable and satellite television networks (the company was split from CBS Corporation in 2005, though both have the same majority owner).
U.S. Congressional Record February 9, 1917, page 2947
Congressman Calloway announced that the
J.P. Morgan interests bought 25 of America's leading newspapers, and
inserted their own editors, in order to control the media.
“In March, 1915, the J.P. Morgan interests, the steel, ship building and powder interests and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press in the United States.
“These 12 men worked the problems out by selecting 179 newspapers, and then began, by an elimination process, to retain only those necessary for the purpose of controlling the general policy of the daily press throughout the country. They found it was only necessary to purchase the control of 25 of the greatest papers. The 25 papers were agreed upon; emissaries were sent to purchase the policy, national and international, of these papers; an agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies and other things of national and international nature considered vital to the interests of the purchasers.
“This contract is in existence at the present time, and it accounts for the news columns of the daily press of the country being filled with all sorts of preparedness arguments and misrepresentations as to the present condition of the United States Army and Navy, and the possibility and probability of the United States being attacked by foreign foes."
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