Trumping Trump and Howling at the Moonves

Donald Trump and the U.S. news media have an incestuous but symbiotic love-hate relationship. Trump rails against the media and the media rails against Trump, while both sides profit, says JP Sottile.

By JP Sottile

Les Moonves cannot lose … and he knows it. The all-too-well compensated CEO of CBS said as much back in late February of 2016. The Bataan Death March of presidential campaigns had finally kicked into high gear and a month-long barrage of primaries, caucuses and televised debates portended just the sort of never-ending story-line that makes a media mogul’s dreams come true.

CBS Chief Executive Officer Les Moonves.

The man at the center of that long, pitched battle for the hearts and mindlessness of the American people was none other than future Reality-Star-in-Chief and all-around good for business-man President Donald J. Trump. His starring role in the daily melodrama also known as “The race for the White House” had Les leaping over the moon with financial excitement.

Moonves was so effusive that, in a fit of gleeful honesty, the titular head of America’s number one network told the denizens of a Morgan Stanley Technology, Media & Telecom Conference in San Francisco that Trump’s candidacy “may not be good for America, but it’s damn good for CBS.”

At the time, Moonves was just pondering all the advertising dollars that would inevitably pile up on the way to a profitable political train-wreck. And Les was right. Train-wrecks may make for bad politics and even worse policy, but boy-oh-boy … do they ever make for great television!

In fact, televising train-wrecks, car crashes or any kind of contentious conflict is a sure-fire way to goad world-weary audiences into rubbernecking. In this age of low-overhead/high-drama reality programming, it’s also the cheapest and easiest way to pile up cash on a corporate media balance sheet.

And no doubt, Moonves could see early on that Trump would pile it higher and deeper than anyone who’d come before him. As the Hollywood Reporter detailed, Les wanted a lot more. He hoped the “circus” full of “bomb throwing” would continue all the way through the campaign. And why not?

In 2012, the Obama vs. Romney match-up generated nearly $900 million on television ads. With the Clintons’ infamous fundraising machine kicking into high gear and a billionaire businessman crashing the other party, Les was understandably forecasting a contest that would make it rain like never before.

As Moonves noted, “The money’s rolling in and this is fun.” He went on to say, “I’ve never seen anything like this, and this going to be a very good year for us. Sorry. It’s a terrible thing to say. But, bring it on, Donald. Keep going.”

That’s exactly what Donald did. He kept it going all the way to the White House. And the ever-prescient Moonves — who retroactively dismissed his gleeful honesty as a “joke” shortly after video emerged of Trump touting his penchant for grabbing a woman’s genitals — would not be disappointed by the reality star’s hit political psychodrama.

But really, Les was only halfway right. Although Trump’s GOP opponents would spend millions on their way to ignominious defeat, Les hadn’t foreseen the bigger picture that came into focus when Trump squared off with Hillary. Ironically, Les and the media he so fully embodies were about to be recast in a whole new reality show.

Reality Bites

What Les didn’t yet know back in February of 2016 was that the profligate trend-line of recent campaigns was about to be broken. Political ad spending would not be the full story … or even the main story … of 2016.

President Donald Trump giving his weekly address on Feb. 25, 2017. (Screen shot from Whitehouse.gov)

Actually, combined spending by the two campaigns was down. According to a post-mortem by Reuters, Trump dished out a mere “$107 million on advertising, including television ads.” A report by analytics firm Borrell Associates found that the overall Trump campaign “spent around 34% less” than Mitt Romney did in 2012. That year, Romney dropped a cool $1 billion, which nearly matched the $1.1 billion spent by President Barack Obama. But in 2016, Trump and pro-Trump groups raised about $600 million and he was almost as likely to use that money to reimburse his own companies as he was to buy advertising.

Although Hillary Clinton spent nearly as much as the Obama campaign did in 2012, many broadcasters found that early predictions of “the most expensive race ever” kinda fell flat. And that drop — which has been attributed in no small part to Trump’s “unconventional campaign” — turned into a significant financial pinch for smaller networks of local stations that rely on revenue from political ads every two and four years. The bottom line is that the well-heeled half of the Two-Party system simply didn’t deliver on broadcasters’ champagne wishes or their caviar dreams.

On the other hand, analytics firm mediaQuaint found that Trump scored a staggering $4.96 billion worth of “free” media. That’s all the non-stop coverage, the constant kibitzing of the blatherati, the hours upon hours of live rallies, the one-on-one interviews, the Sunday show call-ins and everything else that transformed the campaign into a 24-hour version of TrumpTV.

Hillary Clinton got her share of freebies, too. But her $3.24 billion worth of gifted gab could not compete with the trump card Donald played in the middle of nearly every news cycle. Trump’s tendentiousness, his relentless tweeting and his campaign’s increasingly pugilistic attitude toward the press recast the contest.

Throughout a nearly 18 month-long process, the media and Trump switched back and forth between playing the role of bête noir and conquering hero. It was pure television gold that literally programmed itself.

And that’s where Trump truly flipped the script … not just on the political establishment, but on the way the media would interact with and cover both his campaign and, sadly, cover his nascent presidency.

Flipping Out

Until the 2016 election, the media business (local stations, regional networks, medium-sized station groups, cable news channels and the big four broadcasters) reliably reaped a bi-annual windfall from the hundreds of millions of dollars in political advertising they packed into the commercial breaks in-between their programming. The two-year election cycle was good. The presidential cycle was way better. But Trump changed the paradigm.

Former Secretary of State Hillary Clinton speaking at Planned Parenthood Action Fund membership event at the Washington Hilton on June 10, 2016. (Photo by Lorie Shaull, Wikipedia)

This time, the coverage became the political commercial and the political commercial became the programming. Simply put, Trump’s bloviating, bombastic style translated into ratings. And those ratings translated into dollars that could be earned by charging more for the ads in-between the coverage.

So, while Hillary and anti-Trump groups were flooding the commercial breaks with hundreds of millions of dollars in ad buys, Trump’s freebie coverage was raising the price of all advertising by keeping eyeballs glued to the boob tube. Perhaps even more importantly, the same free media that both served Trump’s political campaign and, thanks to his power to hold audiences, the value of ad time … also essentially rescued the cable news industry’s flaccid business model.

Quite frankly, the cable news business was on the rocks before Trump. But Pew Research noted that 2015 (the start of Trump’s long march) was the first time the industry saw primetime viewer growth after three years of decline. Daytime viewership grew, too.  Pew also found that ad revenue grew a bit for the major networks, but cable news saw a much-needed 10 percent increase in both ad and subscriber revenue.

So, just imagine the revenue that poured in during 2016 when FOX News topped ESPN as the most watched basic cable network. The Trump effect produced a 36 percent spike that gave FOX News an “average of 2,475,000 viewers in primetime.” It also sparked CNN’s 77 percent rise in viewership (from 732,000 to 1,298,000) and MSNBC’s audience grew by 87% (from 596,000 to 1,113,000),” according to year-end numbers reported by IndieWire.

Amazingly enough, CNN didn’t even rank in the top ten of all cable networks in 2015. But thanks to Trump’s eye-grabbing impact, CNN went from the 24th to the 10th most-viewed network and MSNBC went from 29th to 12th on Deadline’s cable ranking list.

And all of those numbers can ultimately be attributed to Trump. He turned boring political coverage into an egg-laying golden goose. And the unctuous media’s substantial investment in “free” time paid some big dividends.

As Adweek reported, “the election resulted in big ad revenue bumps” with CNN notching a 57.8 percent jump, MSBNC an increase of 47.9 percent and Fox News bringing up the rear with a respectable 25.7 percent rise in ad income.

Overall, political advertising in 2016 reached a record high of $9.8 billion spent on everything from local races for dog catcher all the way up to the Presidency. It was a respectable rise of 4.6 percent from 2012, but rise in digital media spending meant “broadcast television turned out to be the big loser of the cycle,” according to Mashable.

Broadcasting’s “commanding 58-percent market share in 2012” slipped by 13 percentage points in 2016. And in spite of Moonves’s early optimism, CBS saw a 6 percent drop in viewership. Still, they led all comers with an average 8.8 million viewers. Yet, for some reason Les is still bullish on Trump.

Why? Well, Moonves once again let the proverbial cat out of his cash-filled bag. And he did it at yet another bank-hosted media confab. This time, Les opined at the Deutsche Bank Media, Internet and Telecom Conference.

According to the Hollywood Reporter, Moonves is comforted by strong advertising and a strong balance sheet, but it’s Trump’s presidency that has him thinking even bigger.  At a conference ironically hosted by one of Trump’s biggest creditors, Moonves “signaled his approval of the Trump administration’s deregulatory agenda, which could allow the network to buy up more TV stations and get more revenue from retransmission consent fees.”

That’s right. The guy at the center of the monomaniacal coverage Moonves touted during the campaign is the selfsame guy Moonves is now banking on to deliver yet more media deregulation.

If nothing else, it is newsworthy to note that more media deregulation is even possible after the one-two punch delivered by Presidents Ronald Reagan and Bill Clinton. Apparently, there is still more to monopolize, which is why Les is willing to put aside Trump’s supposed war with the media to make peace with Trump’s deconstructive agenda.

As he said, “Obviously, there is a lot of information coming out of Washington and although we are not the enemy of the people, we welcome the deregulations that are going on there.”

So Les’s golden opportunism — which got him into a bit of hot water after his “bad for America means good for CBS” quip — is about to pay even more dividends. And that’s despite the fact that more isn’t exactly what Les … or the media … really needs.

Bark at the Moonves

Moonves was recently named “the most overpaid CEO on the S&P 500”… and for good reason. As the head of CBS, Moonves enjoys one of corporate America’s best compensation packages. According to the last SEC filing, CBS lavished Les with a staggering pay package totaling $56.8 million for the 2015. That was actually down a little bit from 2014. As Variety duly noted, that year he brought home a cool “$57.2 million, including a $25 million bonus and $25 million in stock awards and options.”

By comparison, Jamie Dimon of JPMorgan Chase garnered a “paltry” $27 million for 2015 … and, as the New York Times explained, that was a 35 percent increase over the previous year’s sum. Lloyd Blankfein of Goldman Sachs came in just below Dimon with $23 million in 2015. And then there’s Bank of America CEO Brian T. Moynihan. He “earned” $16 million for his role atop one of the nation’s biggest banks.

Sure, that’s a lot of coin for running a bank. But it doesn’t quite compare to Moonves or the pharaoh-like compensation packages given to the small group of people who sit atop the media pyramid. Deadline noted that in 2015, the top seven “chiefs collectively made $283.8 million” and they followed Moonves all the way to the bank.

Here they are in descending order: Philippe Dauman of Viacom ($54.2 million), Bob Iger of Disney ($44.9 million), Brian Roberts of Comcast ($36.2 million), David Zaslav of Discovery Communications ($32.4 million), Jeffrey Bewkes of Time Warner, ($31.5 million) and last, but in many ways the least of all, Rupert Murdoch of Fox ($27.9 million).

So, the takeaway here is that the lowest paid of the top media dogs (Murdoch) actually made more than one of banking’s biggest wigs (Dimon). In other words, the banksters who are so widely regarded as the poster boys for America’s ever-widening wealth and income gaps actually pale in comparison to the television titans who lord over the vast majority of the Fourth Estate. But that’s not the whole picture.

Some of the “news” media’s biggest on-air talents garner salaries that approach the territory of the banksters so many Americans love to hate. Business Insider tallied the totals and Matt Lauer of NBC makes $20 million, Bill O’Reilly of FOX News makes $18 million to $20 million, Shepard Smith pulls $10 million, boyish George Stephanopoulos tallies $10 million, Anderson Cooper “earns” somewhere between $9 million to $11 million and former Fox star and Trump antagonist Megyn Kelly is going to take home between $15 million and $20 million from her new gig with NBC, according to The New York Times and The Wall Street Journal.

So, what does any of this have to do with the price of tea in China?

It’s a good question. The problem is that we’ll never find out the price of tea in China … or anything else, for that matter … by turning on what now passes for “the news” on television. That’s because the television news media — which has long since seen its coverage whittled down as investigative units were culled, international bureaus where shuttered and even regional bureaus were amalgamated into ever-more sparsely populated offices housed in four or five of the biggest media markets — just got it’s great programming chief of all time. They essentially “hired” President Donald J. Trump to run their shops.

Just think of the $4.96 billion in free media that helped Trump get elected as an industry-wide investment in a four-year long reality show. It was non-stop Trump during the campaign. It was non-stop Trump during the transition. It’s been non-stop Trump since the inauguration.

And the permanent campaign Steve “Apocalypse Soon” Bannon obviously wants to run is made sustainable by the self-reinforcing feedback loop Trump and the media first created during the campaign. Basically, the permanent campaign is here and it is far too juicy of a role for the media to turn it down.

Television News Made Easy

Remember when Trump was down in the polls and speculation about his post-election play had him starting his own network? The popular rumor was that he was positioning himself to start a venture with former FOX News Svengali and fellow sexual predator Roger Ailes. Oddly enough, Trump didn’t lose nor did he have to start his own network. Instead, he just took over the entire news media by lassoing them into the ultimate feedback loop.

Ex-Fox News President Roger Ailes.

We know that Trump is a voracious consumer of the media. And we know that Trump’s number one priority is to see himself being covered by the media. He’s also a disciple of professional wrestling. And as a reality showman, he knows exactly how to drum up ratings and interest with conflict.

Remember the rubbernecking power of train-wrecks that had Moonves so happy during the campaign? Well, Trump has slammed that train into the White House. He’s made the media his villain and since they oblige by covering him at nearly the exclusion of all else, Trump keeps on having good reasons to respond to the media’s relentless coverage. And then they lavish coverage on his response to their coverage … and so the next cycle begins. Basically, the news cycle gets a ready-made story each time he peddles his irresistible brand of reality showmanship.

In other words, Trump isn’t just good for ratings … he’s television news made easy. He makes morning editorial meetings easy. He makes allocating resources — like reporters and camera crews and field producers — easy. Sometimes he even gets up in the wee hours to tweet out the forthcoming day’s agenda.

And he doesn’t just like to talk, but he almost always says something. Heck, he’ll literally say anything. Each of the somethings and anythings he says are instantly news, even if they eventually turn out to be nothing. In fact, if something turns out to be nothing … that’s almost the biggest news of all.

And Trump’s willingness to turning the news into a dumpster fire also makes life atop a television network very, very easy. Whether you run a cable news channel or one of the big four behemoths, Trump has injected a level of cost certainty into the surprisingly profitable news business. They know exactly what the primary focus of their incessant coverage will be … so long as Trump keeps on shuttling between the White House and his golf course at Mar-a-Lago.

So long as Sean Spicer takes the podium. So long as Congress has to respond to the latest dust-up. Whatever comes up inside the bubble, they’ve got it covered. They’ve got the infrastructure in place. Their DC bureaus are, unlike almost everywhere else in America and the world, well-stocked with producers, reporters, photographers and editors. And New York can still be the center of their universe … one that turns on the axis of the Acela corridor.

Opportunity Costs

With TrumpTV pre-programming almost every single minute of every day’s coverage, there’s no need to worry about sending reporters around the world or around America to cover expensive stories that require hiring people and buying satellite time and booking travel and paying for insurance.

U.S. Marines leaving a compound at night in Afghanistan’s Helmand province. (Defense Department photo)

There’s no need to go to Afghanistan to report on America’s longest war (newsflash for the media: It’s still going). There’s no need to go to Yemen to chronicle America’s escalating involvement. No need to trace the impact of bombs that America sold the Saudis that the Saudis, in turn, dropped on a funeral. Let the BBC do that. They’ve got reporters who do that sorta thing, anyway. And why bother following-up on the story of the women and children who saw other women and children killed in Trump’s first military misadventure?

Why go there … when they’ve got Trump right here, right now. And why send a reporter to Baghdad when she can just go check Twitter?

Instead, they can ignore the crisis at Fukushima. They can ignore the tragic plight of the Rohingya who are being brutally “ethnically cleansed” by Chevron’s partners in the government of Myanmar. They can ignore a looming famine around the Horn of Africa. They can ignore the cycle of massacre and exhumation that bedevils the Mexican people just across the border. And they can incessantly talk about Russia without ever spending a dime to send reporters to Moscow or St. Petersburg or Crimea to actually do some actual interviews with actual Russians and find out what it is actually like to live in Putin’s Russia.

Instead, the media has turned over the programming of news to Trump. It’s just too cheap and too easy. That’s why Fox Business channel basically converted to TrumpTV. Why not? Business news is probably all about the “Trump Rally” or his faux jobs deals, anyway. And despite a recent suggestion by NBC’s Chuck Todd that his network reopen a bureau in Denver so they might better cover those parts of America outside the Acela Corridor, the media has a huge financial incentive to stay in TrumpTV’s low overhead lane.

But what if NBC heeded Chuck’s call and took $5 million off Matt Lauer’s salary and $5 million of Megyn Kelly’s salary and hired ten reporters to crisscross America in search of stories that have nothing to do with Trump? Or what if they spent the combined ten million bucks to produce daily reports from one of America’s wars? Does anyone think any of those high-priced on-air presenters would walk away from television if they only made $5 million per year? Or $2 million per year?

And what if Les Moonves could get by on $25 million per year? Heck, the extra $31.8 million bucks could probably open ten new bureaus here and around the world. And how many reporters, producers and camera crews could be deployed with just half of the $283.8 million made by the top seven media moguls?

Alas, unlike the Moonves’ dream of a perpetually contentious campaign, that just ain’t gonna happen. Not when the real masters of the universe — the obscenely compensated captains of the media industry — can get it coming and going.

To wit, the Hollywood Reporter noted, “Moonves … said Trump’s ubiquity during his early days in the White House was giving a ratings bump to late night CBS shows like Stephen Colbert’s Late Show.” Yup, not only is TrumpTV programming the news division, but it’s also helping stoke the entertainment division.

Les went on to say without a hint of irony, “Obviously Stephen is a big social commentator and the things that are going on in the country with the president … people want to see social commentary, they don’t want to see fun and games.”

And maybe that’s all the people can expect — a little biting social commentary to help us laugh at the absurdity they’ve helped create. The people certainly shouldn’t expect Les or his profiteering peers to invest much in actual news … not when the fun and games of TrumpTV means everyone in the media can be a winner no matter the outcome of Trump’s presidency.

Really, if the bottom line is their only bottom line … they literally cannot lose.

JP Sottile is a freelance journalist, radio co-host, documentary filmmaker and former broadcast news producer in Washington, D.C. He blogs at Newsvandal.com or you can follow him on Twitter, http://twitter/newsvandal.

14 comments for “Trumping Trump and Howling at the Moonves

  1. Joe Tedesky
    March 17, 2017 at 00:51

    Years ago I read a booklet given to me by I think a Bircher who didn’t admit to it outright. The book was fascinating how it drilled down into how the public is manipulated by an elite group who (back then) wanted to control the world. It spoke to how Abby Hoffman had more in common with William F Buckley Jr than we all knew. That these kind of relationships was a ying and yang strategy employed by the New World Order in order to sucker the gullible public in. Into to doing what you may ask, into doing whatever it was this overwhelming monster of the elite wanted us po folk to do.

    So what’s the next best thing to do to control the media output, and how the public will perceive it? As a good broker will tell you diversify diversify and then diversify. Should we expect to see the next big takeover be the Internet. Will sites like this be made an offer they can’t refuse, or will they be the useful idiot, or a patsy if you will?

    We focus on news outlets, but what about the other streams of media. How about late night talk show hosts? How about clever interjections of news worthiness being wedged inside a skit in any show, funny or not funny? I’m not suggesting any censorship should be legislated, but I am stressing you ditch the naïveté and start paying attention…never be afraid to question what your hearing, viewing, or reading. Sorry for the old man advice, but this to me is serious business, and by my warning you I’m telling myself to beware of (ready for it) ‘fake news’.

    Consortiumnews should sell T Shirts with ‘fake news’ with a red strike through it and underneath have a single line saying consortiumnews.com logo thing and sell them or use them as promotional stuff for donations to the site.

    That’s okay when I drank I use to sit at the bar and tell the owner how to run his bar…the funny part was when I quit drinking or got throwed out of some bar that bar would go out of business. So forgive the business advice, I just thought the ‘fake news’ not consortiumnews idea was cool…but I’ll wake up tomorrow, and wish I had been drinking when I wrote this.

  2. Plincoln
    March 16, 2017 at 23:55

    Look, no President today gets elected w/o the Deep State approval. MSM is part of the Deep State. This so called conflict between MSM and Deep State vs Trump is a Dog and Pony Show. The end game? Speculate as you will but just dont fall into the trap thinking that Trump is an accident or miscalculation by very bright people. The are no accidents in politics. FDR said so (supposedly). Its especially true today.

  3. BART GRUZALSKI PROF. EMERITUS
    March 16, 2017 at 22:08

    Nice pivot, this:

    “What Les didn’t yet know back in February of 2016 was that the profligate trend-line of recent campaigns was about to be broken. Political ad spending would not be the full story … or even the main story … of 2016.”

    And Trump didn’t have to purchase advertizing, it came his way completely free—his Tweets and labeling of primary opponents helped a lot too.

    The last paragraphs are right on:

    “”… the media has turned over the programming of news to Trump. It’s just too cheap and too easy. That’s why Fox Business channel basically converted to TrumpTV. Why not? Business news is probably all about the “Trump Rally” or his faux jobs deals, anyway. And despite a recent suggestion by NBC’s Chuck Todd that his network reopen a bureau in Denver so they might better cover those parts of America outside the Acela Corridor, the media has a huge financial incentive to stay in TrumpTV’s low overhead lane.

    “”But what if NBC heeded Chuck’s call and took $5 million off Matt Lauer’s salary and $5 million of Megyn Kelly’s salary and hired ten reporters to crisscross America in search of stories that have nothing to do with Trump? Or what if they spent the combined ten million bucks to produce daily reports from one of America’s wars? Does anyone think any of those high-priced on-air presenters would walk away from television if they only made $5 million per year? Or $2 million per year?

    “”And what if Les Moonves could get by on $25 million per year? Heck, the extra $31.8 million bucks could probably open ten new bureaus here and around the world. And how many reporters, producers and camera crews could be deployed with just half of the $283.8 million made by the top seven media moguls?

    “”Alas, unlike the Moonves’ dream of a perpetually contentious campaign, that just ain’t gonna happen. Not when the real masters of the universe — the obscenely compensated captains of the media industry — can get it coming and going.

    “”To wit, the Hollywood Reporter noted, “Moonves … said Trump’s ubiquity during his early days in the White House was giving a ratings bump to late night CBS shows like Stephen Colbert’s Late Show.” Yup, not only is TrumpTV programming the news division, but it’s also helping stoke the entertainment division.””

    This is a good article, “right on,” as I wrote above, and I will post it on Facebook. That’s 4 out of 5—with that incredible loser just below (the one pretending that Trump is continuing with the “endless war” routine, which is plain bullshit as I explain in my comments).

    Thanks for a good article.

    Dr. Bart Gruzalski, Professor Emeritus, Philosophy and Religion, Northeastern University, Boston, MA—and the only philosopher that I and Professor Samuel Gorotiz know (he knows thousands while I only know many hundreds) who supported and continues to support Trump, much to my surprise at the lack of perspectivity by my professional colleagues, even including Professor Gorovitz, though Sam has not cut me off but many others have but I keep turning up like the proverbial bad penny—and publishing, now three books on Trump available for your reading pleasure on Amazon, the first one costs less than a Starbucks cup of coffee (the books cost $4.95, $6.95, and $12.95 or less).

  4. John
    March 16, 2017 at 22:00

    The money will follow success…..Right now…. possibly…. the enemy is where the money follows…..Change that….you are the 99%….Your chances of winning are beyond positive……BUT you must organize……or you fall flat on your face….save yourselves from an unknown future….mercy !!!

  5. CitizenOne
    March 16, 2017 at 21:00

    Love the article. It is about time that the money was followed.

    I predicted this when Citizens United vs. FEC and the later McCutcheon vs. FEC cases before the SCOTUS effectively ended campaign finance regulations rolling back to a pre Tilllman Act era.

    Theodore Roosevelt was the spark for that law. From Wikipedia:

    Following the presidential election of 1904, charges were made against the victor, Theodore Roosevelt, regarding his acceptance of corporate contributions to his campaign. In response, Roosevelt in his annual address to Congress in 1905 called for the prohibition of such contributions:

    All contributions by corporations to any political committee or for any political purpose should be forbidden by law; directors should not be permitted to use stockholders’ money for such purposes; and, moreover, a prohibition of this kind would be, as far as it went, an effective method of stopping the evils aimed at in corrupt practices acts. Not only should both the National and the several State Legislatures forbid any officer of a corporation from using the money of the corporation in or about any election, but they should also forbid such use of money in connection with any legislation save by the employment of counsel in public manner for distinctly legal services.

    The Tillman Act of 1907 was aimed at curbing the influence of corporate money in elections.

    Citizens United vs. FEC was a largely under reported SCOTUS decision by the main stream media because they saw the money. So to was the McCutheon vs. FEC SCOTUS decision which further reduced the transparency of corporate money in politics under reported. This was done because the main stream media knew that opening the floodgates for unlimited corporate campaign donations and donations by wealthy individuals would in turn mean record purchases of advertising opportunities from campaign organizations. They would get rich. By keeping a lid on reporting about how these laws would have a corrosive effect on democracy, the main stream media prepared to reap windfall profits.

    Les Moonvies as stated, boasted to shareholders that he knew Donald Trump might be bad for America but he was great for business.

    In fact, Donald Trump who benefited from an estimated three billion dollars in free advertising from the media which actually cost the media nothing was a naked effort to drain every SuperPac in an attempt to defeat the Trump paper tiger.

    It worked. The media cleaned up and Mr. Moonvies salary was justified by his profits.

    Part of the problem now is we have a system of information which relies on advertising to provide the major news outlets with operating capital and the former era of subscription based revenue streams has all but dried up with the advent of free news on the internet and TV. The death of newspapers is an example of that.

    The problem is twofold. The current campaign finance laws have enabled the infusion of dark money into politics while the revenue sources contributed by individual subscribers has vanished. Follow the money. When all of the money is flowing into the main stream media from dark money and corporate advertising while all of the money from subscribers is dwindling then you can bet that the news you hear will be favorable to those that pay for the news as well as favorable to those who benefit from a corrupt election campaign finance system which funnels billions in advertisements to the media outlets.

    I am surprised however that thee has been no outright revolt by the dark money folks who ended up with an elected president they spent tons of money to defeat.

    It reminds me of a Dr. Seuss story called The Sneeches.

    From Wikipedia:

    At the beginning of the story, Sneetches with stars discriminate against and shun those without. An entrepreneur named Sylvester McMonkey McBean (calling himself the Fix-It-Up Chappie) appears and offers the Sneetches without stars the chance to get them with his Star-On machine, for three dollars. The treatment is instantly popular, but this upsets the original star-bellied Sneetches, as they are in danger of losing their special status. McBean then tells them about his Star-Off machine, costing ten dollars, and the Sneetches who originally had stars happily pay the money to have them removed in order to remain special. However, McBean does not share the prejudices of the Sneetches, and allows the recently starred Sneetches through this machine as well. Ultimately this escalates, with the Sneetches running from one machine to the next….

    “…until neither the Plain nor the Star-Bellies knew
    whether this one was that one… or that one was this one…
    or which one was what one… or what one was who.”

    This continues until the Sneetches are penniless and McBean departs as a rich man, amused by their folly. Despite his assertion that “you can’t teach a Sneetch”,

    So I am surprised that the republican Sneeches who were bilked out of their billions of dollars by the Sylvester McMonkey McBean figure of Les Moonvies have not reacted to the con job of the media.

    Now it might even backfire on the media with Trump calling his former major donor The Enemy of the American People.

    Unfortunately we are all the Sneeches on the Beaches of the profit making scam by Sylvester McMonkey McBean.

    Thanks for that go to The Supreme Court, the highest court in the land, that made all of this inevitable.

    There were signs of trouble from the start. An unprecedented 14 republican candidates showed up on the field of battle precisely because of the lax campaign finance laws. One might see this as democracy in action but then one would fail to see that the fisherman’s net can haul in all of the big fish while they are all going after a single bait fish.

    Ending this era of corruption must surely include the return of regulations on campaign donations. But there is no doubt that the battle over the replacement of Justice Scalia hinged on selecting somebody who would preserve the corrupt campaign finance laws.

    Perhaps Trump might have been a modern day Theodore Roosevelt and demand an end to it but it didn’t turn out that way this time.

    It is highly probable that the end result of this will be that we, like the Sneeches, end up penniless on the beaches wondering what happened. With nothing but empty wallets to show for our folly.

    It is probably true that you can’t teach a Sneech.

  6. D5-5
    March 16, 2017 at 20:39

    This incisive piece–and I thank the writer for all of it, including the humor–takes us right to the edge of the abyss. There we are on the edge staring into it. And it’s massive. It is so obvious but since it’s our religion we have a great deal of difficulty with it, even talking about it–we must REGULATE the money. It should be permissible to earn only so much money, or gain from the money system only so much for one’s comforts. Or should we all aspire to having seven pin-striped jets, four yachts, and properties all over the globe to suit our moods? America needs to re-define the concept decency, in terms of just how far we will go in exploitation to satisfy our greed.

  7. March 16, 2017 at 19:59

    I remember watching with disgust the televised scenes of the conflagration of Baghdad with Donald Rumsfeld in the foreground proclaiming the wonders of “Shock and Awe”. Doesn’t seem this society could go any lower. A mindless reality prevails.

    • Joe Tedesky
      March 17, 2017 at 01:34

      Who can forget in the early days of our Mission Accomplished parade how we watched on TV Iraqi’s pulling down Saddam Hussein statues, and people greeting us with open arms. Then no sooner did W prance around the flight deck in his pilot custome, and with Paul Bremmer’s arrival in Bagdad then the casualties really started mounting up. Yeah the embedded media was somekind of help in giving us citizens a clear eyed view of what was really going on, as medals were being cast for Tennet, Frank, and of course Bremmer…oh those were the good (not) old days!

      If the future generation of ours are at all sane and hopefully well balanced they will look back at us in utter disbelief to how we conducted ourselves as we sat above the world’s population of our time.

  8. Bill Bodden
    March 16, 2017 at 19:53

    More on how our media “serve” the American people:

    “Key Democratic Officials Now Warning Base Not to Expect Evidence of Trump/Russia Collusion” by Glenn Greenwald – https://theintercept.com/2017/03/16/key-democratic-officials-now-warning-base-not-to-expect-evidence-of-trumprussia-collusion/

    • Joe Tedesky
      March 16, 2017 at 23:32

      Wow, so now that Russian Diplomates and one Putin chauffeur is dead, Morell let’s Russia off the hook, how convenient. Thanks for the link Bill.

      Everything in America has turned to profit, instead of having any commitment to serve the general good of the commons. Now, that’s a bad sign of a society gone mad with greed, and power lust.

      Ironically Hillary loses in part to Bill’s 1996 Telecommunications Act. Of course we mustn’t forget Saint Ronnies trashing of the Fairness Doctrine, so to keep this debate bipartisan. These DC clowns have really made life in America unnoticeable to any Constitutionalist who still knows how to navigate through the legal maze. In fact I’m no Constitutional Scholar but I wouldn’t be surprised if all this privatization isn’t Constitutional…but there I digress.

      Why would a country which places profit over good healthcare be any better when it comes to keeping it’s citizenry informed. Ah, could it be the plan is to keep it’s citizenry not informed?

      Here’s an idea put in place at least 3 24/7 reporting the news c-span business model networks. That’s right, no commercials, and make the cable networks foot the bill. I for one don’t require fancy sets, or touch screen poll graphic boards, just give me the honest news. I say 3 networks, and that’s due to the variations of slant, which will no doubt poke through….I could elaborate but I think you all have good ideas, and I for what’s it’s worth just brought up mine.

      Stories like this that JP Scottile so expanded on should be Donald Trump’s biggest defense to why he won the White House, and Putin’s biggest excuse to why Russia didn’t throw the election in Trump’s favor.

  9. Bill Bodden
    March 16, 2017 at 19:14

    Moonves was so effusive that, in a fit of gleeful honesty, the titular head of America’s number one network told the denizens of a Morgan Stanley Technology, Media & Telecom Conference in San Francisco that Trump’s candidacy “may not be good for America, but it’s damn good for CBS.”

    We should be grateful to Mr. Moonves and others like him who make it obvious how the system really works – what’s in it for “me” and tough shit for America. A good lesson to be added to all high school curricula for civics and social studies.

    Before they sign up to fill boots on the ground in some god-forsaken country and become statistics in the death, maimed, and PTSD columns of our war department’s human sacrifice ledger young men and women would do well to ponder Mr. Moonves’s cynicism. Their chances of meeting one of his kids in any war zone are less than winning the lottery ten weeks in a row.

  10. Sally Snyder
    March 16, 2017 at 18:50

    Here is an article that looks at one of the difficulties facing the mainstream print media:

    http://viableopposition.blogspot.ca/2017/02/americas-print-media-and-its.html

    It looks like the mainstream media will find it increasingly difficult to increase profitability.

  11. evelync
    March 16, 2017 at 18:46

    Les Moonves has 4 children:
    https://en.wikipedia.org/wiki/Leslie_Moonves

    3 with his first wife and 1 with his second.

    Unless, Elon Musk can realize his vision of human colonies in space within the next few decades (which I think is highly unlikely) Mr. Moonves may come to regret his irresponsible business moves that gave Trump so much air time.

    Unsustainable Climate change, nuclear war, and/or environmental devastation may be the net result of Trump and Moonves and other profiteers may find themselves in the same pickle as the rest of us, with their billions unable to protect them.

  12. mike k
    March 16, 2017 at 17:29

    The TV news is just as disgusting and meaningless as it has always been, but now Trump has revealed it for all to see as sensationism pandering to idiocy. Unfortunately the people love it. No more puzzling news stories, it’s all dumbed down to the level that a con man like Trump wants it to be.

Comments are closed.