Man Without Qualities

Friday, June 20, 2003

It's The Economics, Stupid II

While investment banker Al Gore is trying to obtain funding and support for yet another superfluous source of liberal news and commentary, Mel Karmazin, president of media conglomerate Viacom Inc., seems to realize that what the world needs is liberal news and talk downsizing - or at least consolidation. Karmazin reportedly approached AOL Time Warner Inc. last week and expressed interest in buying its very liberal news-and-talk CNN news channel.

Viacom, of course, already owns CBS, which routinely perpetrates Dan Rather and his gang to a steadily declining viewership.

Mr. Karmazin probably realizes that it would be in his and Viacom's economic interest if CBS and CNN could be consolidated or CNN just shut down. That's the kind of insight that justifies paying the likes of Mr. Karmazin the big bucks even if, like Viacom Chairman Sumner Redstone, you hate his guts.

And then, on the other hand, there are the likes of Al Gore.

Comments: Post a Comment