Who Owns Your News Network?

A quick overview of the chains of ownership

(December, 2004)

Most of us watch 'em. Some of us even think they are 'fair and balanced'. But how many of us know that our news networks are only small parts of large conglomerates? Some of them are waaay down in the ownership tree, in fact.

I popped down to the city library today and looked up the ownership of our major news networks in a fine series of reference books called "Corporate Affiliations" put out by Lexis-Nexis. Here is what I found for:


ABC

Parent Company: The Walt Disney Company
500 S Buena Vista St.,
Burbank, CA 91521-0001
(818) 560-1000
www.disney.go.com

Chairman: George J. Mitchell
President: Robert A. Iger
CEO: Michael Eisner
A number of other officers


CBS

Parent Company: National Amusements, Inc.
200 Elm St,
Dedham, MA 02026-4536
(781) 461-1600
www.nationalamusements.com

It is a holding company, and privately owned (no stock). However some of the companies it owns have public stock.

Chairman: Sumner M. Redstone
President: Shari Redstone
CFO: Jerome Magner
General Counsel: Tad Jankowski Advertising: Elaine Purdy


CNN

Parent Company: Time Warner, Inc. (formerly AOL Time Warner, Inc)
75 Rockefeller Plaza,
New York, NY 10019-6908
(212) 484-8000
www.timewarner.com

CEO: Richard D. Parsons
Chairman: Jeff Bewkes
Chairman (media): Don Logan
CFO: Wayne H. Pace
Other Officers: Paul T. Cappucio, Spencer B. Hays, Kathryn A. Bushkin, Larry Cockell, Edward I. Adler, Adolf R. DiBiasio, Patricia Fili-Krushel, Robert M. Kimmitt, Olaf Olafsson, James W. Barge, Donn M. Davis, and many more.
Board of Directors: Richard D. Parsons, James L. Barksdale, Stephen F. Bollenback, Stephen M. Case, Frank J. Caufield, Robert C. Clark, Miles R. Gilburne, Carla A. Hills, Reuben Mark, Michael A. Miles, Kenneth J. Novack, Franklin D. Raines, R.E. Turner, Trancis T. Vincent, Jr.


NBC/CNBC/MSNBC

Parent Company: General Electric Company
3135 Easton Turnpike,
Fairfield, CT 06431-0002
(203) 373-2211
www.ge.com

CEO: Jeffrey R. Immelt
Vice Chairman: Dennis D. Dammerman
Vice Chairman: Gary L. Rogers
Vice Chairman: Robert C. Wright
A whole ton of other officers

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