Tuesday, July 10, 2007

GE Shareholder Takes a Different Approach to Media Dissatisfaction

I'm not sure I'm confident that the approach of Brent Budowsky - building a coalition of shareholders to express their discontent with the parent company and propose an alternative business plan - will work. But it's nice to see someone trying to find a new way to challenge the media bias in the U.S. I'm doubtful because, in the end, I figure the people holding enough shares to be influential are too rich, and too entrenched in the interests of the people the media bias serves to want to change it, but hey, maybe not. Here's a bit from Brent's challenge:

My proposal, and if necessary challenge, would be based on traditional principles of fiduciary responsibility of public companies, to maximize value, and traditional principles of capitalist business, currently violated not only at MSNBC but throughout the current alignment of cable news services.

For example, if Keith Olbermann’s show is dramatically more successful than others at MSNBC, shouldn’t more programming be based on a Keith Olbermann model?

If Jon Stewart, Stephen Colbert, and Bill Maher attract exponentially more viewers than current programs on MSNBC, shouldn’t more programming be based on their model?

Awww, it just sounds too idealistic...and that coming from me!

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