Nov
01
1995

Corporate Ownership Matters

The Case of NBC

One pundit who had no problem with the summer's media merger marathon was USA Today columnist Michael Gartner. "It makes no difference if media are owned by corporations or families or individuals," he wrote (8/8/95). "What matters are the integrity and intelligence and intrepidness of those owners." Gartner wrote from experience: "For five years, I was president of NBC News, which is owned by General Electric," he said. "Not once did GE boss Jack Welch or anyone else at GE ask me to put something on the air--or not to.... Jack Welch, tough and some say ruthless, does not use […]