One thing we don't tend to think about is who owns them? We don't mean which corporation publishes them... But who Owns i.e. has a large financial stake in the paper.
The major newspapers like New York Times and Washington Post are publicly traded-- many people own shares in them.. some people may own 10.. maybe 100... some may possess 1000 shares
That's not what we're talking about--
Those amounts are mere pittances.
We're talking ownership in hundreds of thousands, if not millions of shares of a newspaper's stock.. Think there's no influence over the content or manner in which the field of finance and business is covered? Dream on..
The following information is a repost of three articles we released from last May showing just who owns the major US newspapers. Remember when perusing through the long list, that all corporations including newspapers have only one obligation-- appease shareholders.
Admittedly the numbers and names can get overwhelming and monotonous, making for more of a skim n' read but that's quite OK.. we understand.. It is Friday after all~
Top Investors Shares Held Shares Value
Optimum Investment Advisors, LLC 10,715,274 $105,010,000
T. Rowe Price Associates, Inc. 10,572,400 $103,610,000
Slim Domit Helú (Carlos) 10,050,000 $98,490,000
*** Mexican business magnate and philanthropist; ranked as the richest person in the world in 2012
ValueAct Capital Management, L.P. 7,000,000 $68,600,000
Vanguard Group, Inc. 5,673,932 $55,605,000
BlackRock Trust Company, N.A. 4,707,110 $46,130,000
*** American multinational investment management corporation and the world's largest asset manager
Global Thematic Partners, LLC 4,308,465 $42,223,000
Harbinger Capital Partners 3,747,386 $36,724,000
Baron Capital Management, Inc. 3,644,030 $35,711,000
Franklin Global Advisers 3,573,665 $35,022,000
State Street Global Advisors (US) 2,912,676 $28,544,000
Goldman Sachs Asset Management 2,402,878 $23,548,000
*** Ahh, Good ole' Goldman Sachs owning the media
BNP Paribas Asset Management 1,627,450 $15,949,000
*** An asset management company headquartered in Seoul, Korea
Statens Pensjonsfond Utland 921,876 $9,034,000
*** The Government Pension Fund of Norway
~ The above companies retain what are called Class A shares. Arthur Sulzberger Jr. controls 90.2% of Class B voting shares through family trusts.
Who truly owns the Washington Post:
** All statistics as of 12/31/2010
Top Investors Shares Held Shares Value
Berkshire Hathaway Inc. 1,727,765 $759,353,000
*** 20.45% of ALL Wash Post shares are owned by Warren Buffett's company; That's $759.3 Million reasons why you will never ever see a truly bad word about super-greedy Buffett uttered in the Post
Manning & Napier Advisors, Inc. 419,155 $184,219,000
Southeastern Asset Management, Inc. 388,301 $170,658,000
** Invests in undervalued Securities
International Value Advisers, LLC 371,451 $163,253,000
Longleaf Partners Small Cap Fund 289,000 $127,016,000
** They also own 5.6 million shares of NY Times stock
State Street Global Advisors (US) 240,225 $105,579,000
** World’s second largest asset manager: $2 trillion in assets
Fidelity Management & Research 237,208 $104,253,000
BlackRock Institutional 203,938 $89,631,000
*** World's largest asset manager; also owns 4.7 M shares NY Times
OppenheimerFunds, Inc. 153,032 $67,258,000
IVA Worldwide Fund 150,041 $65,943,000
Altrinsic Global Advisors, LLC 136,317 $59,911,000
Gardner Russo & Gardner 134,968 $59,318,000
** Financial Planning Consultants
Mellon Capital Management Corp. 114,232 $50,205,000
JPMorgan Private Bank (United States) 108,647 $47,750,000
** Jamie Dimon's company; the scumbag who lost $2B in May '12
Ariel Investments, LLC 108,384 $47,635,000
Full list found here: http://www.gannett.com/section/WHOWEARE11
So who are Gannett's biggest investors? You'll find some recognizable names...
Top Investors Shares Held Shares Value
JP Morgan Asset Management 21,915,328 $330,702,000
** Run by scumbag CEO Jamie Dimon; holds 9.5% of all Gannett stocks; also holds over 108k shares in Washington Post stock
AllianceBernstein L.P. 16,919,720 $255,319,000
Ariel Investments, LLC 14,583,208 $220,061,000
** Also holds 108k shares in Washington Post stock holdings
Vanguard Group, Inc. 12,852,238 $193,940,000
** Holds 281k shares in Wash. Post stock & 5.6M shares in NY Times
Alden Global Capital Ltd. 9,337,262 $140,899,000
BlackRock Institutional 8,187,019 $123,542,000
** World's largest asset manager; also owns 4.7 M shares NY Times and about 204k shares in Wash Post
State Street Global Advisors (US) 7,835,032 $118,231,000
Credit Suisse Securities (USA) LLC 7,664,288 $115,654,000
** Swiss Bank
Goldman Sachs Financial Markets LP 7,500,622 $113,184,000
** King of the Scum; also owns 2.4M shares of NY Times
LSV Asset Management 7,486,120 $112,966,000
Invesco Advisers, Inc. 6,855,227 $103,445,000
Optimum Investment Advisors, LLC 5,893,572 $88,934,000
** Also owns a whopping 10.7 M shares worth $105M of New York Times stock, the newspaper's largest holder
Bank of America Merrill Lynch (US) 5,183,449 $78,218,000
** Another immoral bunch of dirtballs...
Aston/Optimum Mid Cap Fund 4,530,300 $68,362,000
Sorry to belabor a point, but This is why the media does such a piss-poor job of truly informing people as to what's going on in the US economy, why the lie 'recovery' is pushed so hard, and why tens of millions of people are utterly brainwashed daily into believing the financial sector is good, with its success meaning America's success...
You can also see why almost everything in this country is 'too big to fail'.. everything intertwined like cancer and disease in a 'host' i.e. America. Kill the cancer, kill the host... or do nothing and watch the cancer kill the host slowly...
Bad choices all around.
All media have agenda.. ALL. And rather than one wealthy magnate influencing and molding popular opinion like William Randolph Hearst in the early-mid 20th century and to a lesser extent, Rupert Murdoch today, agenda is now molded by the stockholders.
Just like a politician is likely to push laws onto the books that represent his/her biggest campaign donors, newspapers will push ideologies that are the most friendly and agreeable to their shareholders.
And that's why lists such as this matter
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