Contrary

News

The Mexican businessman, Carlos Slim, bought 6.4% interest in the New York Times in 2008. Then in 2009 he loaned the struggling newspaper $250 million. There is speculation around Wall Street that he may attempt a takeover of the Times Company.

Meanwhile at News Corp., the parent company of Fox News and the Wall Street Journal, Prince Alwaleed bin Talal of Saudi Arabia has quietly become the second-largest shareholder with about 7% of outstanding shares. He is also a major donor to Harvard University. This is the guy who donated money to Mayor Guiliani after the 9/11 attacks and implied that our support for Israel was to blame. Guiliani, to his credit, declined the donation.

I suppose I am being a little paranoid but I can’t help but wonder if the New York Times gives accurate reporting of events in Mexico. And does Fox News and the Wall Street Journal do the same with Saudi Arabia? I am skeptical of both.

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February 27, 2010 - Posted by | Uncategorized

2 Comments »

  1. George W Bush is an honorary member of the Saudi Royal Family. They love him and he loves them.

    Good for him, I say but it puts his Middle Eastern Wars in a different perspective than most people regard it from.

    I used to worry that the integrity of our newspapers could be compromised. Then I slapped myself and remembered that newspaper journalists are all cretins and newspapers never had any journalistic integrity to lose.

    Read some old news copy from Civil or Spanish American War days. Pure trash. In the Depression and World War II, the writers were more talented but the lies were even bigger.

    Comment by reddog | February 28, 2010 | Reply

  2. I still think that the smaller newspapers are the most objective of all, even though they have to maintain good relations with their biggest advertisers. There is a tension there that keeps everyone on their toes.

    Comment by cutshoot | March 1, 2010 | Reply


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