Tuesday, July 17, 2007

Media Mafia

Conrad and His Media Comrades: The Real Issue is Stealing BY Media Companies, Not FROM Them - The Smirking Chimp: "...In the old days, anti-trust regulators would scrutinize gatherings of competitors on business policy. Concerns over price-fixing seemed to have disappeared in an age of media concentration and 'strategic alliances.' The courts are more worried about the cheating of shareholders than the expropriation of the earnings of consumers. They protect stealing from the greedy, not the needy.

Notice that the price of media and many entertainment products has quietly gone up, up and away. My cable bill has soared. The Sunday Times is now $4.00, and a ticket at the neighborhood movie theater is $11. In any other country, this would be seen as a form of pocket picking even as media CEO salaries rise. Barry Diller made a reported $437 million last year to cite but one example. That's obscenity by media, not in it"

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