CBS over the course of a couple of days also managed to trash sizable part of a $1.8 billion investment. All in all, not a bad weekend's work. The question now is: how do you dig yourself out of a big hole, assuming you even want to?
Fantastic fundraising and/or personal wealth does not correlate to good governance. Hence, our congressional representatives are poor governing officials, but fantastic fundraisers. How do we fix this all at once?
It appears that you can fool most of the people most of the time. AT&T has proven that if you spend a boatload of money and repeat the same deceptive statements over and over, the public will believe anything you want them to.
In the midst of this fall's all-consuming fiscal cliff debate, the Federal Communications Commission is about to make a little-watched decision that could have a tremendous impact on the way people in the United States get news.
In Milwaukee five right-wing talkers on two stations directly supported Republican candidates 15 hours a day, five days a week. But these are public airwaves, not Republican airwaves, so the Media Action Center filed a legal challenge with the FCC to deny WISN and WTMJ their licenses.
The FCC has on the table a policy that would resurrect broad censorship rules -- very similar to those that were revoked in 1987 because of their chilling effect on free speech and the television press.
According to reports, FCC Chairman Julius Genachowski is circulating an order at the FCC to lift the ban on one company owning daily newspapers and TV stations in the 20 largest media markets. And he wants to wrap up this massive giveaway just in time for the holidays.