why media consolidation is NOT a good thing

[A. Joseph Ross]

On 29 Apr 2004 at 22:50, Garrett Wollman wrote:

> I think this is in large part because they can, where a Westinghouse
> could not easily do so.  That is to say: Sinclair, for all that it's a
> public company, is effectively controlled by one person.  If he has an
> agenda, he can use his control of the company to further that agenda (to
> the extent that the law does not provide otherwise).  A large conglomerate
> like Westinghouse was or GE is does not have the same sort of freedom of
> action: they are expected to manage their properties in relentless pursuit
> of shareholder value -- so any corporate agenda they have is likely to be
> much less personal, not to mention smoothed out to some degree by the
> additional layers of management and corporate structure.
 
OK, so how about CBS under William Paley?

-- 
A. Joseph Ross, J.D.                           617.367.0468
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