Posted on 10/12/2010 8:38:30 AM PDT by Mobile Vulgus
On the heels of this Summer's Old Media attack of News Corp's donation of $1 million to the GOP, we discover that billionaire Bill Gates of Microsoft fame has given $1.5 million directly to ABC News so that they'll cover his personal "news" issue; health conditions of the poor.
Gates has been spreading his money around in more traditional media buys over the last year or so, too. He spent $3.5 million to start a TV production company that is working with PBS to report on global health issues and he's also spent millions buying newspapers to keep them afloat. Additionally Gates has donated money to journalism schools and other media operations.
But this direct donation to ABC News is a different animal than the other media related spending that Gates has done. This is a direct donation of money to ABC News to buy their attention for Bill Gates's personal interests. ABC is supposed to be a self contained, independent news agency that funds its own reports governed under its own authority. Gates’s donation really brings this status into question...
See more at Publiusforum.com...
Why not just post it here?
Buying the news
Are you pimping? :) *sniff sniff* I smell pimp....
From what I understand, the nerd Gates doesn’t have to buy ABC News - generally they’re already ideological soul mates. He’s after something specific.
Didn’t he already start one network that pimps his particular flavor of news?
Aren’t they bearing his company’s name and all leaning forward and all that?
What kind of vote of confidence is it to the people over at the MSNBC that even Bill Gates wants to buy his news elsewhere?
She has been schooling him in the fine arts of the media.
Fine arts of the media.Who,when and how to blame.
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