Commentary - 01/05/2008

TV Networks: Programming Your Vote
Who Controls The Five Major TV Networks?

Those who control the TV networks have now become so arrogant in their power that they exclude viable presidential candidates from news coverage and debates that they sponsor. This obviously limits our choices of decent men to represent us against these financial powers. It has now become obvious to those, who were still asleep, what other people have been shouting about for years. Wake Up! You've just been smacked! Now raise your fists, turn your cheek and say, "Okay, you got one by a sneak attack. NOW try it!" If you get smacked a second time, you damn well deserve it.

People like Rupert Murdoch (FOX) and Jack Welch (formerly GE) are only agents for the Money Power. In the same way Commodore Vanderbilt was an agent in the golden days, as explained here. They're simply the public face on the plantation they represent. These insiders own little or no stock (comparatively speaking), as shown below by the percentage owned by insiders. Therefore, they simply manage the plantation, and must do exactly what their absentee-owners tell them to do.

That includes controlling which candidates get TV air time and those who don't. That means selling the war to the American public. That means slanting news to Americans that financially, everything's just fine, Goldilock style. That means manipulating news coverage of the branches of government, gold, banking, corporate mergers and so on, to please the network owners, not to inform the public.

Another real problem along with control of TV networks, is the control of the advertiser's company. The large advertisers are also controlled by the same folks, as shown here." Some people think these funds are just Other People's Money (OPM). THIS IS TRUE. The power comes from being able to vote and dispose of shares, which is how they get hooked on OPM.

For example, AXA (Paris, France) controls over 16% of CBS. Look up their SEC file and you'll see this:

4. CITIZENSHIP OR PLACE OF ORGANIZATION - France
NUMBER OF SHARES
5. SOLE VOTING POWER 44,997,198
6. SHARED VOTING POWER 10,096,280
7. SOLE DISPOSITIVE POWER 73,312,309
8. SHARED DISPOSITIVE POWER 27,828
NOTE: This was as of August 31, 2006. Since then, shares controlled by AXA have increased to 100,482,476 as of September 30, 2007.
And this is just one of the TOP 10 Major Holders! Now that's POWER.

Who really controls our major TV network companies is listed below in alphabetical order. This commentary is a natural follow-up to who controls our newspapers, published earlier. With that being said, here goes: (My opinions on this subject are below.)

ABC - American Broadcasting Company (Walt Disney)
CBS - Columbia Broadcasting System
CNN - Cable News Network (Time-Warner)
FOX - Fox Entertainment Group (News Corp)
NBC - National Broadcasting Company (General Electric)


Symbol Name Of Corporation
DIS

Major
Holders
Walt Disney Co. (As of 30-Sep-2007) (As of 30-Jun-2006)
Top 10 Institutional HoldersShares2007Value2006
FMR Corporation (Fidelity Management & Research Corp)100,115,7305.26%$3,442,979,9544.26%
State Street Corporation69,304,1513.64%$2,383,369,7523.43%
Barclays Global Investors UK Holdings Ltd65,991,9513.47%$2,269,463,1943.21%
Vanguard Group, Inc. (The)54,367,8432.86%$1,869,710,1202.63%
Southeastern Asset Management, Inc.49,438,1342.60%$1,700,177,428-.--%
Legg Mason Inc.45,509,1602.39%$1,565,060,0122.77%
State Farm Mutual Automobile Insurance Co42,206,0182.22%$1,451,464,959-.--%
Jennison Associates LLC31,723,2231.67%$1,090,961,638-.--%
AXA (Paris, France)28,532,3951.50%$981,229,064-.--%
Bank of New York Mellon Corporation26,656,0471.40%$916,701,456-.--%
% of Shares Held by All Insider and 5% Owners:7%20%%
Top 10 [0.9%] of 1007 Institutional Holders Control27.01%-.--%
Percentage of Barclays and "Associates" Control12.57%-.--%
NOTE: Disney owns American Broadcasting Company, ABC TV-Network.
NOTE: Fidelity manages three funds that control 2.99%.
Vanguard manages three funds that control 2.13%.
Therefore, the TOP 10 control 32.13% of Disney.

Symbol Name Of Corporation
CBS

Major
Holders
CBS Corporation (As of 30-SEP-2007)
Top 10 Institutional HoldersShares2007Value2006
AXA (Paris, France)100,482,47616.07%$3,165,197,994-.--%
State Street Corporation25,784,5894.12%$812,214,553-.--%
Barclays Global Investors UK Holdings Ltd20,247,3613.24%$637,791,871-.--%
Vanguard Group, Inc. (The)18,922,0393.03%$596,044,228-.--%
NWQ Investment Management Company, LLC18,196,8652.91%$573,201,247-.--%
Allianz Global Investors of America L.P. (Munich, Germany)16,780,4122.68%$528,582,978-.--%
Capital Research And Management Company15,537,0122.48%$489,415,878-.--%
Neuberger Berman, LLC14,116,5652.26%$444,671,797-.--%
Credit Suisse Switzerland12,877,6812.06%$405,646,951-.--%
% of Shares Held by All Insider and 5% Owners:7%-.--%
Top 10 [1.8%] of 535 Institutional Holders Control44.93%-.--%
Percentage of Barclays and "Associates" Control12.53%-.--%
NOTE: Capital Group manages three funds that control 2.62%.
Vanguard manages three funds that control 2.49%.
Therefore, the TOP 10 control 50.04% of CBS.

Symbol Name Of Corporation
TWX

Major
Holders
Time Warner Inc. (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional HoldersShares2007Value2006
AXA (Paris, France)199,130,3545.34%$4,189,702,6483.72%
Capital Research And Management Company170,683,5934.58%$3,591,182,7963.02%
Legg Mason Inc.162,170,3534.35%$3,412,064,2274.38%
Dodge & Cox Inc154,278,9054.14%$3,246,028,1613.62%
FMR Corporation (Fidelity Management & Research Corp)144,090,6283.86%$3,031,666,813-.--%
Barclays Global Investors UK Holdings Ltd118,251,2473.17%$2,488,006,2363.29%
State Street Corporation112,207,5833.01%$2,360,847,5463.08%
Franklin Resources, Inc109,108,7192.93%$2,295,647,447-.--%
Vanguard Group, Inc. (The)104,812,8612.81%$2,205,262,5952.63%
Goldman Sachs Group Inc102,375,5392.75%$2,153,981,3402.22%
% of Shares Held by All Insider and 5% Owners:1%4%
Top 10 [1.1%] of 903 Institutional Holders Control36.94%30.79%
Percentage of Barclays and "Associates" Control16.21%12.97%
NOTE: Dodge & Cox manages two funds that control 2.96%.
Capital Group manages a fund that control 1.77%.
Therefore, the TOP 10 controls 41.67% of Time-Warner.

NOTE: Wikipedia: CNN.
NOTE: Wikipedia: HBO.
NOTE: Wikipedia: FORTUNE.
NOTE: Wikipedia: TIME.
NOTE: Time Warner also owns these media properties.
NOTE: Here's another ownership-of-media resource.

Symbol Name Of Corporation
NWS

Major
Holders
News Corp. [FOX] (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional HoldersShares2007Value2006
Vanguard Group, Inc. (The)64,235,8626.51%$1,473,570,674-.--%
Legg Mason Inc.37,125,9263.76%$851,668,7424.35%
FMR Corporation (Fidelity Management & Research Corp)21,637,5042.19%$496,364,3413.02%
Morgan Stanley18,887,2121.91%$433,272,6431.26%
Harris Associates L.P.14,172,0001.44%$325,105,6801.25%
Lord Abbett & Co13,394,0901.36%$307,260,424-.--%
Calpers (California-public Employees Retirement System)12,879,2641.31%$295,450,316-.--%
Calamos Advisors LLC12,835,1011.30%$294,437,216-.--%
JP Morgan Chase & Company8,950,983.91%$205,335,5500.70%
Mellon Financial Corporation8,882,676.90%$203,768,5870.85%
% of Shares Held by All Insider and 5% Owners:5%-.--%
Top 10 [x.x%] of xxx Institutional Holders Control21.59%20.25%
Percentage of Barclays and "Associates" Control8.92%7.68%
NOTE: Wikipedia information here.
NOTE: News Corp also owns these media properties.
NOTE: Here's another ownership-of-media resource.

Symbol Name Of Corporation
GE

Major
Holders
General Electric Co. (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional HoldersShares2007Value2006
Capital Research And Management Company433,859,8554.23%$16,608,155,2493.01%
Barclays Global Investors UK Holdings Ltd383,418,9943.74%$14,677,279,0903.77%
Vanguard Group, Inc. (The)292,195,6172.85%$11,185,248,2182.55%
State Street Corporation290,517,2202.84%$11,120,999,1812.85%
AXA (Paris, France)203,058,8431.98%$7,773,092,5101.79%
FMR Corporation (Fidelity Management & Research Corp)166,921,1341.63%$6,389,741,0092.90%
Price (T.Rowe) Associates Inc144,979,2141.41%$5,549,804,3111.17%
Mellon Financial Corporation143,228,4131.40%$5,482,783,6491.38%
Northern Trust Corporation134,777,9551.32%$5,159,300,1171.44%
Wellington Management Company, LLP126,662,3871.24%$4,848,636,174-.--%
% of Shares Held by All Insider and 5% Owners:0%0%
Top 10 [0.5%] of 1669 Institutional Holders Control22.64%21.95%
Percentage of Barclays and "Associates" Control10.71%11.70%
NOTE: GE previously owned GE Medical Protective, nation's largest medical malpractice insurer.
It was sold to Columbia Insurance, a company owned by Berkshire Hathaway.
NOTE: Wikipedia information here.
NOTE: General Electric Company also owns these media properties.
NOTE: Here's another ownership-of-media resource.

My opinions:
I can't help but think that nothing has really changed since 1889, when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands since then.

The point is, control of American companies is rapidly being consolidated into a few foreign hands, and they are also doing so at "frantic" pace. Damn any of the promises that had been made, such as retirement benefits, health care and pensions. And why is this being done? To "own the earth in fee simple."

You can lookup any public corporation and see for yourself who controls what. You will also see that some of the major holders are hardly nothing more than a "front" for another, more powerful group. Simply find out who the major holders of the major holders are and you will see for yourself. This is simply to make it easier to deceive the public.

While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year, and the stock options they cashed.

Another problem we're facing now is the growth of private-equity groups, which don't have to make the same disclosures as the publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.

I have no illusions that they are simply another type of "Snakes In Suits."


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© 2008 by Edward Ulysses Cate

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