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PatrickforB

(15,125 posts)
Sun Oct 6, 2024, 10:38 AM Oct 6

Regarding the New York Times, America's 'newspaper of record.'

Warning: I'm going to be talking about policy!

I cancelled my NYT subscription a couple of months ago due to their 'Biden old, Biden old, Biden old' drumbeat.

Because of the legal doctrine of shareholder primacy, established through a MI Supreme Court ruling back in 1919 against Henry Ford in favor of the Dodge brothers, AND Reagan killing the Fairness Doctrine back in '87, the fiduciary responsibility of executives at these publicly traded 'news' organizations is ONLY to generate shareholder profits, with NOTHING...

I repeat NOTHING requiring them to report the truth...


virtually all of the reporting we get from ABC (Disney), CBS (Paramount), NBC (Comcast), NYT (Ochs-Sulzberger), CNN (Warner Brothers Discovery) is ALWAYS going to be BIASED in such a way as to generate and maximize shareholder PROFITS.

This is why we have a 'horserace' folks. It is better for PROFITS.

This is why Trump is being 'sanewashed'. It is better for PROFITS.

This is why all the lies he and Vance tell are being glossed over. Again better for PROFITS.

And finally, it is why X, Fox and other right-wing 'news' sources keep their audience is a complete bubble of conspiracy theories. Because they can (no Fairness Doctrine) and because it is good for PROFITS.

There are two major PROFIT centers here:
1. Ad revenue based on ratings, and
2. Campaign ads - due to Citizens United, we have THE most EXPENSIVE political campaigns in the world. Billions of dollars.

You want to change that?

One little rule-change in corporate governance - instead of the interests of shareholders being held above everything else, we could require an expansion of the fiduciary responsibility of media executives (and every other corporate officer in a publicly traded company) to consider the interests of workers, consumers (including truth in news reporting), and the environment EQUALLY with the interests of shareholders. A stakeholder approach to corporate governance.

If we had our members of Congress legislate that, as well as making the changes required in the Supreme Court so they are no longer so partisan, and if we ENFORCED this new rule of corporate governance, we would save the republic for years to come.

Oh, and let's not forget legislation that reverses the most recent Supreme Court rulings - Dobbs, the ruling against Chevron, and Citizens United.

Then the billionaire parasites would have to play their 'long game' again to undermine the republic. Heck, with any luck it would take them fifty or sixty years to get us to the stage we're at now - the verge of a fascist dictatorship.

Oh, I know it is wonky. And as an experiment, if you have read this far, please either 'rec' this post or reply. Most people won't, I know because policy is BORING. This is why we've been so thoroughly fucked by Wall Street and the billionaire parasites. You know that, right? Look at Project 2025. BOR-ING!!! But if they put it in place, our republic will be history.
63 replies = new reply since forum marked as read
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Regarding the New York Times, America's 'newspaper of record.' (Original Post) PatrickforB Oct 6 OP
Thank you EverHopeful Oct 6 #1
You know, I heard on MSNBC that the Trump campaign admitted they had spent millions on PatrickforB Oct 6 #6
NYT has an overwhelmingly high percentage of readership by Democrats. Making a profit, requires readership. Silent Type Oct 6 #2
Yup, my friend thinks the NYT is gospel....... a kennedy Oct 6 #4
Calling it a horse race would indicate that they would promote the losing side to keep things even cutroot Oct 6 #3
Yup FHRRK Oct 6 #33
I find the NYT to be different from what you are saying here. I find nothing outrageous about their reporting or about CTyankee Oct 6 #5
Ochs-Sulzberge family holds 90% of the voting shares of the NYT Voltaire2 Oct 6 #7
Money, money and more money. That's the point even with supermajority owned companies. paleotn Oct 6 #24
So good! Thank you! sarchasm Oct 6 #8
Sure, if you wish. n/t PatrickforB Oct 6 #57
Spot on!! Posting on Facebook. h2ebits Oct 6 #9
See "NY Times finally details Trump's cognitive decline in scathing article" Towlie Oct 6 #10
And how long did it take the NYT to come around to this point? erronis Oct 6 #13
No, not at all. Because it was a long time coming, and I'm considering the coverage for the entire year, PatrickforB Oct 6 #58
Yes, and it only took them nine years. hatrack Oct 7 #61
You wrapped up the major points very succinctly. Thanks! erronis Oct 6 #11
SAY IT!!! Montauk6 Oct 6 #12
Yeah that works temporarily Farmer-Rick Oct 6 #14
Great idea! Wild blueberry Oct 6 #15
Great post about policy Felicita Oct 6 #16
One of the best posts I've read recently. BattleRow Oct 6 #23
It is also why billionaires buy news organizations. They profit in many other ways than just ratings or clicks/ KPN Oct 6 #17
More circus than bread nowadays... BattleRow Oct 6 #20
They sure are toxic waste. Dave Bowman Oct 6 #18
Great comments DENVERPOPS Oct 6 #19
After Project 2025.. BattleRow Oct 6 #21
Good one DENVERPOPS Oct 6 #40
Oh,YES! And for a slightly off topic..another BattleRow Oct 6 #41
Absolutely agree Blue Full Moon Oct 6 #22
Thank you for a great post. You are an excellent teacher. Timeflyer Oct 6 #25
Most excellent post! Thank you megapuzzler Oct 6 #26
Kudos to you! I used to read the NYT front to back..not the sports, and loved it. Gave up on them a few yrs back PortTack Oct 6 #27
This message was self-deleted by its author Dan Oct 6 #28
Exactly. HappyLarge Oct 6 #29
Absolutely! And welcome to our little party. paleotn Oct 6 #31
Fairness Doctrine was just icing. Dodge v. Ford Motor Co. paleotn Oct 6 #30
"AND Reagan killing the Fairness Doctrine back in '87" It is amazing how much damage Reagan did to the USA Escurumbele Oct 6 #32
Yes ... add to that the economic realities of the newspaper business FakeNoose Oct 6 #34
I recall when Seymour Hersh worked for them. BattleRow Oct 6 #42
He doesn't get much play because he went off the deep end. Embracing conspiracy theories, Putin, tritsofme Oct 6 #47
We all have our opinions as to when BattleRow Oct 6 #48
So you think the pro-Putin nonsense, making excuses for Trump is...good journalism? tritsofme Oct 6 #49
I am unaware of that which you speak BattleRow Oct 6 #50
There has been lots written about his fall. tritsofme Oct 6 #51
I certainly will review this. Thank you. BattleRow Oct 6 #53
I like Maines approach. infullview Oct 6 #35
You make very good points. But. markodochartaigh Oct 6 #36
I would say it isn't just the cynicism misanthrope Oct 6 #45
Like Juvenal said two thousand years ago, markodochartaigh Oct 6 #46
Sidenote: Fairness doctrine only applied to over-the-air broadcasts. thesquanderer Oct 6 #37
Granted but talk radio was the most pervasive method misanthrope Oct 6 #44
Social media in particular is designed to give us more of littlemissmartypants Oct 6 #38
I cancelled my NYT subscription back in 2015 due to Clinton email coverage LetMyPeopleVote Oct 6 #39
Saddest of all is that none of this is hidden knowledge misanthrope Oct 6 #43
I enjoy the Times bif Oct 6 #52
Dodge v Ford, Just Jerome Oct 6 #54
100%! n/t PatrickforB Oct 6 #59
Take the money out of elections and the MSM's motivation and actions become irrelevant. pecosbob Oct 6 #55
Great post. raccoon Oct 6 #56
Agree ScubaSteve Oct 7 #60
I am happy to rec. pandr32 Oct 7 #62
K&R, great post and I love your idea...one little rule change, and some tweaks to the SC and their c-rational Oct 7 #63

EverHopeful

(382 posts)
1. Thank you
Sun Oct 6, 2024, 11:04 AM
Oct 6

An excellent explanation and good advice about the work we need to undertake.

I've been trying to find a way to explain why we saw, day in and day out, hour after hour "Coverage" of President Biden's mental acuity when that threat to our republic struggles to form complete words, let alone complete sentences or coherent statements.

Was bordering on thinking we were watching an authoritarian coup but, of course, it's the old "Follow the Money" explanation.

PatrickforB

(15,125 posts)
6. You know, I heard on MSNBC that the Trump campaign admitted they had spent millions on
Sun Oct 6, 2024, 11:13 AM
Oct 6

casting this doubt on Biden's mental acuity and age. But again, is it the truth? Probably...

Silent Type

(7,297 posts)
2. NYT has an overwhelmingly high percentage of readership by Democrats. Making a profit, requires readership.
Sun Oct 6, 2024, 11:07 AM
Oct 6

a kennedy

(32,284 posts)
4. Yup, my friend thinks the NYT is gospel.......
Sun Oct 6, 2024, 11:10 AM
Oct 6

very strong Democrat, registers folks to vote and will be working at her polling site.

cutroot

(989 posts)
3. Calling it a horse race would indicate that they would promote the losing side to keep things even
Sun Oct 6, 2024, 11:08 AM
Oct 6

We know that is not true. They would continue to pound the Democrats either way. Let’s call it what it is…. Right wing fish wrap.

FHRRK

(979 posts)
33. Yup
Sun Oct 6, 2024, 12:41 PM
Oct 6

The horse race is a common theme.

I am opened minded though, so anyone who can provide a single instance of National Media propping up a Dem, I will reconsider.

CTyankee

(65,231 posts)
5. I find the NYT to be different from what you are saying here. I find nothing outrageous about their reporting or about
Sun Oct 6, 2024, 11:11 AM
Oct 6

their editorials and political writers. I agree with them more than I disagree. When I read some columns I disagree with I find that LTTE often agree with me. There are differences of opinion, of course, but that is going to be life.

On balance, I agree with, not disagree with, most of what editorials and column writers express. I expect there to be differences of opinion, though. By contrast, the NY Post, once a fine newspaper, has over the years, become now simply unreadable.

Voltaire2

(14,851 posts)
7. Ochs-Sulzberge family holds 90% of the voting shares of the NYT
Sun Oct 6, 2024, 11:23 AM
Oct 6

The company is pretty much immune to shareholder opinions or lawsuits, and should be viewed as a private company. They have no excuse other than 'this is what we want to do'.

paleotn

(19,435 posts)
24. Money, money and more money. That's the point even with supermajority owned companies.
Sun Oct 6, 2024, 12:17 PM
Oct 6

Today, online ad revenue drives everything. Use to be, the kid selling subscriptions door to door generated significant newspaper revenue, plus the local grocery ads in the back, the classifieds added some, etc. Not anymore. In this cyber world, awash with endless things to clamp our eyeballs on, generating ad rev., the only way to survive is to get eyeballs and the only way to do that is gin up controversy. That's what's driving the NYT editorial board. Today, controversy and clickbait is the only way to survive. Not an excuse, mind you, it's just the fucked up world we live in.

erronis

(17,117 posts)
13. And how long did it take the NYT to come around to this point?
Sun Oct 6, 2024, 11:52 AM
Oct 6

They've been very anti-Biden for years. You need to look at more than just a couple of recent articles and DU postings.

PatrickforB

(15,125 posts)
58. No, not at all. Because it was a long time coming, and I'm considering the coverage for the entire year,
Sun Oct 6, 2024, 05:45 PM
Oct 6

at least until I pulled the plug shortly before Biden stepped down.

And in fact, if you look at the thread you are citing, I had nearly this exact post on there. Too little, too late.

I just decided the bit about imposing a new Fairness Doctrine for this century by changing the rules of corporate governance to a stakeholder approach rather than one of shareholder primacy merited its one OP.

Farmer-Rick

(11,532 posts)
14. Yeah that works temporarily
Sun Oct 6, 2024, 11:55 AM
Oct 6

Like you said, "Then the billionaire parasites would have to play their 'long game' again to undermine the republic. Heck, with any luck it would take them fifty or sixty years to get us to the stage we're at now - the verge of a fascist dictatorship."

So you know it's a temporary fix. A permanent fix would be NOT allowing inheritance at all or so severely taxing it that the filthy-rich won't be able to live off of it forever.

Inheritance of wealth comes with inheritance of privilege, jobs, political control. And then you're back to feudalism.

Wild blueberry

(7,259 posts)
15. Great idea!
Sun Oct 6, 2024, 11:58 AM
Oct 6

Would add the power to disincorporate businesses that violate the common good.
Since we currently cannot hold corporations (falsely held as "persons&quot liable for murder or other crimes, we could at least have the power to disincorporate their corporate charters so they can no longer do business.

Felicita

(41 posts)
16. Great post about policy
Sun Oct 6, 2024, 11:58 AM
Oct 6

Your post was not boring at all! I am saving it for future reference. I just wrote a letter to the NY Times scolding them for their "normalization" of the mentally deranged 34x felon/sexual offender/fraudster/pathological liar candidate during their discussion of foreign policy of the two candidates, and how dangerous that is.
Keep up the progressive rhetoric, PatrickforB.

KPN

(16,160 posts)
17. It is also why billionaires buy news organizations. They profit in many other ways than just ratings or clicks/
Sun Oct 6, 2024, 12:02 PM
Oct 6

hits/subscribers.

But excellent post Patrick. Corporations have been promoting their even-handedness in looking out for the good of workers and the communities they and their workers reside in forever, and now even meet annually to do so at a global level. They know if they can buy some of the people and fool enough of the others with gimmicks like trickle-down theory, cheap flat panel TVs that flow from the wonderful free-trade agreements, and their stark misery and evils of "socialism" rendition, they can perpetuate their game indefinitely.

DENVERPOPS

(10,127 posts)
19. Great comments
Sun Oct 6, 2024, 12:04 PM
Oct 6

In my opinion, the major kiss of Death was the USSC ruling on "Citizens United" in 2010, and, like you mentioned a few others.

"Then the billionaire parasites would have to play their 'long game' again to undermine the republic. Heck, with any luck it would take them fifty or sixty years to get us to the stage we're at now - the verge of a fascist dictatorship"

They HAVE BEEN playing their long game for the past 45+ years, which has put us a hair away from a Corporate Fascist Dictatorship.

And I guarantee you, these "New" Republican Politicians, the Republican owned/operated mass media, the UBER rich Republican Oligarchs, the Red States, the 70+million Trumphumping voters, the massive tampering of election results, the dominant force of Corporations, the interference by NKorea, Putin/Russia, China, and Iran in this election and past elections, and everything else,.........
.
These corrupters, this time around, WILL STOP AT NOTHING.

Katie Bar The Door

I have to say, as I have said many times before, the perfect title for a book about the past 45+ years would be:

WHILE THE NATION SLEPT

DENVERPOPS

(10,127 posts)
40. Good one
Sun Oct 6, 2024, 01:45 PM
Oct 6

and don't forget their PNAC..........which I believe foreshadowed their intentionally ignoring all the warnings of 9/11.......

BattleRow

(1,255 posts)
41. Oh,YES! And for a slightly off topic..another
Sun Oct 6, 2024, 01:55 PM
Oct 6

blast from the past (allegedly) worth review..Operation Mockingbird.

Veddy interesting..

PortTack

(34,822 posts)
27. Kudos to you! I used to read the NYT front to back..not the sports, and loved it. Gave up on them a few yrs back
Sun Oct 6, 2024, 12:26 PM
Oct 6

I hope they continue to lose support for their continued “editorial reporting.” Which…is not the news!

Response to PatrickforB (Original post)

HappyLarge

(21 posts)
29. Exactly.
Sun Oct 6, 2024, 12:33 PM
Oct 6

And this is why down ticket races are important. Without a functioning legislative branch, everything is fucked and ripe for authoritarianism.

paleotn

(19,435 posts)
30. Fairness Doctrine was just icing. Dodge v. Ford Motor Co.
Sun Oct 6, 2024, 12:35 PM
Oct 6

fucked things up in vastly more ways. Giving us directly or indirectly.....nicotine isn't addictive, humans can't affect the climate, skip the safety checks - just get the damn planes built, just dump it in the river - shareholders don't drink the local water....and on and on. It opened the door for modern, shareholder primacy to become the rule which has killed innumerable people and caused unimaginable suffering.

As for elections nearly everywhere else in the democratized world, they're quick and rely heavily on public funding. Not dark money from the likes of Elmo, Darth Bezos and "I wish I was a real boy!" Zuckerberg.

Escurumbele

(3,643 posts)
32. "AND Reagan killing the Fairness Doctrine back in '87" It is amazing how much damage Reagan did to the USA
Sun Oct 6, 2024, 12:38 PM
Oct 6

And they talk to him as if he was a great president...He is the reason so much is still going wrong in the USA.

It is easy to destroy, very difficult to build back, and that is why it feels like we move one step forward and two back constantly.

The real "Economic Cycle" (excuse republicans always use to justify their failures with the economy every time they are in power):
1. republicans in power...Economy suffers, the country goes on high deficit and debt.
2. Democrats in power...They fix the destruction republicans made on the economy, and more.
3. republicans in power...Economy suffers, the country goes on high deficit and debt.
4. Democrats in power...They fix the destruction republicans made on the economy, and more.
5. etc., etc., etc.

Why can't most people see this?

FakeNoose

(35,974 posts)
34. Yes ... add to that the economic realities of the newspaper business
Sun Oct 6, 2024, 12:44 PM
Oct 6

It costs money to print ink on paper. They have to pay salaries, they have to own printing presses and pay for electricity to run them, they buy supplies such as paper, ink, etc. A lot of money goes into printing those rolls of newsprint, whether people buy the papers or not. Generally when people DO buy the newspapers, it's to read "yesterday's news" because they already saw it all on TV the night before. It's difficult and cut-throat for these newspapers to stay in business and turn a profit.

On the other hand, I do believe that professional journalists who went to school and earned a journalism degree - many of them - do have standards for truthful, responsible reporting even if their employers and managers don't. We should recognize and reward those professionals who are trying to do their jobs responsibly, and hopefully share that recognition here on DU.

BattleRow

(1,255 posts)
42. I recall when Seymour Hersh worked for them.
Sun Oct 6, 2024, 02:04 PM
Oct 6

Now THAT is an investigative journalist..still doing his thing,but doesn't get a lot of play in media,sadly.

tritsofme

(18,702 posts)
47. He doesn't get much play because he went off the deep end. Embracing conspiracy theories, Putin,
Sun Oct 6, 2024, 03:32 PM
Oct 6

and even making excuses for Trump.

He should have retired a decade ago.

BattleRow

(1,255 posts)
48. We all have our opinions as to when
Sun Oct 6, 2024, 03:44 PM
Oct 6

people have exceeded their expiration dates.

Perhaps many of us should check our own,don't you agree?

tritsofme

(18,702 posts)
49. So you think the pro-Putin nonsense, making excuses for Trump is...good journalism?
Sun Oct 6, 2024, 03:53 PM
Oct 6

Interesting.

BattleRow

(1,255 posts)
50. I am unaware of that which you speak
Sun Oct 6, 2024, 03:55 PM
Oct 6

perhaps you could provide links,which I would appreciate greatly.
Thank you.

infullview

(1,061 posts)
35. I like Maines approach.
Sun Oct 6, 2024, 01:04 PM
Oct 6

Cap the total amount that can be contributed to the super pac to 5k from any corporation and show how unlimited funding has had quid pro quo consequences. It will take time as a court challenge will have to be made before it can be sent to SCOTUS.

markodochartaigh

(2,221 posts)
36. You make very good points. But.
Sun Oct 6, 2024, 01:07 PM
Oct 6

I think that the sine qua non of a well-functioning democracy is an educated and engaged electorate. Without this I think that any other measures are only half measures that treat symptoms, but not the disease. I think that fashioned and apathy are the Achilles' heels of democracy. In the US it is fashionable to be ignorant of politics and disengaged from the political process. It isn't cynicism. One can be completely convinced that the majority of politicians are motivated by their own interests and the interests of their donors and still believe that that is exactly the reason that we must work even harder to hold the politicians to account in working for the public interest.
In the US a negative and unproductive cynicism holds sway. This cynicism has a lazy form which dictates that because either "both sides are the same" or "nothing that one person does has any effect" the individual is justified in disengaging from the political process. This lazy form is the only form available to the vast majority of the population. And there is an active form of this cynicism practiced by our oiligarchs in which politicians and judges are bought like prize hogs at the state fair.
I think that only the education and subsequent engagement of the electorate will be effective in remedying what is wrong with our democracy. I think that everything else is taking pain medicine for cancer. Important steps, but without treating the disease itself, ineffective.

misanthrope

(8,292 posts)
45. I would say it isn't just the cynicism
Sun Oct 6, 2024, 02:18 PM
Oct 6

it is the accompanying complacency that creates what you describe. Don't forget that too much cynicism, or all the "wrong kind" at least, will create a distrust in the surrounding system which could then lead to citizens questioning consumerism itself. Those who turn the marketing wheels in America aren't going to stand for that, if they have any say so. They want citizens who are content to think, "Screw it, then. My only option is make myself comfortable."

markodochartaigh

(2,221 posts)
46. Like Juvenal said two thousand years ago,
Sun Oct 6, 2024, 02:50 PM
Oct 6

"Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses."

thesquanderer

(12,393 posts)
37. Sidenote: Fairness doctrine only applied to over-the-air broadcasts.
Sun Oct 6, 2024, 01:20 PM
Oct 6

It never applied to any other media, so even if it had not been done away with, it would not apply to the NY Times, Fox News, X, etc., to use your examples.

littlemissmartypants

(25,839 posts)
38. Social media in particular is designed to give us more of
Sun Oct 6, 2024, 01:21 PM
Oct 6

What we want. We're slaves to corporate media algorithms.

Folks say that they're worried about AI. Too late, fellow time travelers. AI has had us wrapped around its virtual pinkie for years.

Thanks for the post, PatrickforB. ❤️

LetMyPeopleVote

(155,388 posts)
39. I cancelled my NYT subscription back in 2015 due to Clinton email coverage
Sun Oct 6, 2024, 01:24 PM
Oct 6

I remember the attacks on President Biden's age by the NYT



misanthrope

(8,292 posts)
43. Saddest of all is that none of this is hidden knowledge
Sun Oct 6, 2024, 02:11 PM
Oct 6

or requires special insight. I saw it as a young man 40 years ago, yet recall how frustrated I was when other college students couldn't connect the dots.

Just Jerome

(105 posts)
54. Dodge v Ford,
Sun Oct 6, 2024, 04:23 PM
Oct 6

Buckley v Valeo, FNB Boston v Belotti, Citizens United, McCutcheon, ALL OF THEM GOTTA GO!!!!!!

pecosbob

(7,904 posts)
55. Take the money out of elections and the MSM's motivation and actions become irrelevant.
Sun Oct 6, 2024, 05:02 PM
Oct 6

Democracy cannot function when oligarchs make the rules.
Simple solution...

1. Outlaw political contributions.
2. Public financing for elections.

ScubaSteve

(108 posts)
60. Agree
Mon Oct 7, 2024, 05:40 AM
Oct 7

Fuck the NYT...Citizens United has destroyed everything politically, as money corrupts absolutely.

It must be overturned.

c-rational

(2,883 posts)
63. K&R, great post and I love your idea...one little rule change, and some tweaks to the SC and their
Mon Oct 7, 2024, 10:16 AM
Oct 7

abhorrent rulings you cite.

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