Belo still owns the Dallas Morning News and some smaller papers around the country. The newspapers were such a drag on the company that they were spun off into a separate entity a few years ago. But Belo can’t totally insulate itself from the newspaper losses, and that’s why the broadcast properties are so important, since they still make money.
During Watergate, if you’ll recall, the Nixon Administration tried to go after the Washington Post by threatening renewal of TV station licenses belonging to the Post-Newsweek group. But Nixon never had the FCC—and the rest of the federal bureaucracy—in his corner.
Mark my words: the next Belo reporter who gets a one-on-one with Obama will take a much more benign approach with their questions.
And thus the downfall of our country. In the olden days, the media would have told the President - or anyone else for that matter - to go pound sand if they had tried intimidation tactics. I remember when their motto was “the public’s right to know” and they were adamant about getting the story out, no matter what. Quite frankly, I’m still flabbergasted that the media is so impotent - and doesn’t even realize it! They think they are so powerful, but it’s only on topics that the administration approves. That is no power at all - it’s just propaganda. One day they will wake up and realize that the only thing they are are useful idiots.