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The Collision Between Money and News — We Lose

May 29, 2026 by Llewellyn King Leave a Comment

Trillions, as in trillions of dollars, are being bandied about in the way millions were, then billions. But take a look at 1 trillion expressed numerically: 1,000,000,000,000. Awesome, isn’t it? Twelve zeros.

The national debt stands at $39 trillion, and the interest on that will top $1 trillion this year. Very soon, the first trillionaire will thunder past the post, presumably Elon Musk.

I have nothing against Musk. And I have nothing against successful people being rewarded for their talent.

Musk has done enormous things. An immigrant, he made his first fortune with PayPal. Since then, he has given the United States the solar revolution, the electric car, and a viable heavy-lift rocket that has made space exploration cheaper than when NASA alone was at the controls. His Boring Co. still holds promise.

It is assumed, as so often, that because a person is good at one thing, that same person must be good at everything else. Whoa! Musk’s limits as a manager and a visionary were exposed when he barged about streamlining the government for President Trump.

It was a case of a bridge too far for Musk. A disaster for America that eroded privacy, critically wounded many departments and saved no money.

Whereas much of what Musk has achieved has been beneficial, his purchase of Twitter, rebranded as X, was evidence of the harm that accompanies gigantic wealth. He wanted to control not just the medium, but also the news.

Musk — although it isn’t good that he has taken steps to control the message with X — isn’t the problem facing the media and the public’s right to know. When so much money is floating around, press freedom is in trouble.

The immediate threat comes not from Musk, but from two other men of gargantuan wealth: Larry Ellison, co-founder of the tech firm Oracle Corp., whose personal net worth is estimated at $245 billion, and his son, David.

Together, they are set to control the media to an extent not imagined and never seen. The media titans of yesteryear — Pulitzer, Hearst, Luce, Thompson, Sulzberger, Graham and Murdoch — are knee-high to the fearsome power that the Ellisons have, and which will more than double if (and it is more when than if) the merger of their Paramount Skydance Corp. with Warner Bros. Discovery is approved by regulators.

At present, the Ellisons control the CBS Television Network, CBS Sports, MTV, Nickelodeon, Comedy Central, Paramount Network and BET. They control CBS News, and Paramount+, which has 79 million streaming subscribers.

If the merger goes through, they will control CNN, HBO Max and Warner Bros. Studios — a treasure trove of entertainment.

In short, they will control a huge swath of American broadcast news, information dissemination, and movie and television culture.

Their declared purpose is to incorporate more technology and more AI across their astounding current and probably future empire. That is bad for journalism and worse for movies. The invasion of the bots.

I know how media control works. I have seen it firsthand: It isn’t what is said, but what is implied or what employees feel the owners of the outlet want. A casual remark can become policy; a hint of preference can become a hard rule.

If an Ellison family member were — of course, this is hypothetical — to say they hated rhubarb, you could bet the Food Network wouldn’t do a show episode on rhubarb pie making. If it were known that one of the owners of Paramount was a booster of nuclear power, movies such as “The China Syndrome” and “Silkwood” would never have been made.

In journalism, the story that isn’t covered is as important as the one that is covered. If a disease caused by a common product — asbestos is a good example — isn’t covered because the staff has heard that the media owners love that product or is invested in it, then you can bet it won’t be covered.

Consolidated corporate ownership is antithetical to free speech, creativity and open government. No news is bad news.

News isn’t suited to the corporate world; it isn’t a fit with those whose interest is adding zeros to bottom lines. It is the pursuit by an irregular army of often eccentric individuals, who turn over stones to find out what is beneath.

Likewise, individual ownership furthers the news objective, which for me was summed up by something Dan Raviv said when he was a correspondent for CBS Radio (recently shuttered by the Ellisons): “My job is simple. I try to find out what is going on and tell people.” 

Write that in the corporate prospectus.

News organizations need to be owned by news people, like Ted Turner, Bill Paley and, yes, Rupert Murdoch.

Filed Under: King's Commentaries Tagged With: AI, America, CNN, debt, money, Musk, NASA, Oracle, PayPal, technology, trump

Talking Heads Are the Salt and Fat Diet of Television News

September 22, 2017 by Llewellyn King Leave a Comment

Guess you’ve noticed: There are no politicians on the politics-obsessed cable news channels. Instead, there are journalists talking about politicians and politics; rafts of journalists organized into “panels” to comment, in seconds, on events.

Twenty years ago, it was different. So much so that I started a television program with the avowed intention of letting the public see who was writing the political news in the newspapers. We are still on the air, but with fewer journalists commenting.

In that seemingly distant time (which was, in reality, not very long ago), the principal political talk shows were “The McLaughlin Group,” under the pioneering John McLaughlin; “Inside Washington,” formerly “Agronsky & Company,” with Gordon Peterson; and the long-lived “Washington Week in Review” with Ken Bode.

They were weekly, half-hour programs and mine, “White House Chronicle,” joined the roster as a distant “also ran.” We aimed at introducing print journalists to a TV audience. Other programs had set round tables that included Tribune Media’s Clarence Page, because he was a delight to work with — as we found on our program — and because he was informed and entertaining.

Women were fewer and they were led by Elizabeth Drew of The New Yorker, Eleanor Cliftof Newsweek, Cokie Roberts of NPR, and syndicated columnist Georgie Anne Geyer.

Cable news meant CNN, then still trying to be magisterial.

Fast forward and television is chock-full of journalists talking about the news in what is now a staple of cable television; and rather than occupying half an hour a week these “panels,” as the hosts call them, are on pretty well 24/7.

The New York Times publishes under the slogan “All the News That’s Fit to Print.” On television, it’s all the news that can be talked about — and they do, endlessly. I think that is pretty entertaining and most of the talking heads seem to have really good sources; they are on the news — all the politics that can be talked about. It is the fat and sugar diet of TV.

What is missing are the subjects. Few members of Congress, with the exception of the leaders, are seen or talked about by name on television. They have been cleared from the television politics smorgasbord. Even the talking heads do not name them. The ubiquitous panelists talk about “my sources” or “a conservative congressman” or “a Democratic member.” No names. No faces.

There are reasons aplenty for this. One, now that there is more party discipline, except for people like Sen. John McCain, R-Arizona, it is known what the party the line will be: It is there in the talking points — and that makes for little news and boring television.

Another is that while journalists go for instant analysis, a cable television staple, politicians are scared of “stepping in it.” Search technology is so fearsome now that almost anything any politician says can be retrieved and put on the screen. That is fodder for future “gotcha” moments. The late Tim Russert of “Meet the Press” was a master of this. “In 2003, you said” and there it was, right on the screen, the politico making a regrettable remark.

Also, there is always the question of what the public wants (ratings to the TV industry). The public appears to be more interested in journalists debunking political leaders than the nuts and bolts of legislation or even what is happening in, say, science or the rest of the world. Salt and fat gets the eyeballs.

The late Arnaud de Borchgrave lamented that in his day, aspiring reporters longed to be foreign correspondents, now they yearn to cover Capitol Hill and the White House. Ralph Nader — who was once a prized “get” in the parlance of television bookers — has just issued a paper regretting the dominance of political chatter in the news space. Maybe he will be asked to talk about it on television, but it is unlikely.

On the upside, there are some awesome new talents, and more women in the Washington journalistic firmament — even if some of us like it when journalists, in the words of radio veteran Dan Raviv, just set out to “find out what’s happening and tell people.” No salt, no fat, just the facts.

Filed Under: King's Commentaries Tagged With: CNN, Congress, Inside Washington, journalism, The McLaughlin Group, Washington Post, Washington Week in Review

Television Political Talk, It’s a Growth Industry

May 25, 2008 by White House Chronicle Leave a Comment

This is the year of the political talk show. Never have so many had so much to say about so little. No wonder CNN snapped up Tony Snow, when he left his job as White House press secretary. David Gregory, the uncontested successor to ABC’s Sam Donaldson as press corps lightening rod, is missing from NBC’s booth at the White House. He is doing a talk show for MSNBC–just one more talk show host in long lineup that includes Bill O’Reilly, Hannity & Colmes, Keith Olbermann, Dan Abrahms, Wolf Blitzer, Glenn Beck, Lou Dobbs and Campbell Brown. Even C-SPAN does politics.

But if you do not get cable, do not worry. You can still get your fix of talking hosts on over-the-air broadcasting. Beginning on Friday night, there is “Washington Week with Gwen Ifill.” It is the national anthem before the main event. The first-string players take the field on Sunday morning. On my dial the lineup is “Fox News Sunday with Chris Wallace,” “This Week with George Stephanopoulos,” “The Chris Matthews Show,” “Meet the Press with Tim Russert” and “Face the Nation with Bob Schieffer.”

Two programs, “Meet the Press” and “Face the Nation,” have been around since the days of radio. But all political broadcasting today owes much to a half-hour show that thundered to life 25 years ago. I speak of “The McLaughlin Group” and its extraordinary host, John McLaughlin.

McLaughlin invigorated the television talk show. He made the host a participant and encouraged contention, even shouting, among the guests.

It is hard now to remember how static the talk shows were. The host was a magisterial figure, who pretended he had no interest in the discussion. I was a panelist on “Meet The Press,” when Bill Monroe moderated it. There was a single guest who was interviewed by a panel of reporters. You could get in two questions, and that was it. It was a structure more satisfactory in concept than in practice. Once, when I was on the panel, Sen. Henry “Scoop” Jackson was a guest. I knew Jackson well and while we were in makeup, he said, “I want you to take me to the mat, and ask me the hard questions.” Of course he knew, and I was to learn, that the format did not include hard questions.

McLaughlin’s show is now in some decline, overshadowed by the resources and sheer volume of the competition. It has moved to another channel in Washington; and its rating are falling, according to The Weekly Standard. The show is a little tired, and McLaughlin’s conservatism a little idiosyncratic.

I have to confess that McLaughlin has been important to my career. I started a television talk show called “White House Chronicle,” which airs on some PBS and many public access channels, mostly because I got tired of waiting on the short list to be a guest on “The McLaughlin Group.”

At a White House Correspondents’ Association annual dinner, McLaughlin came over and told me how much he enjoyed my show. I told him how much he was responsible for it. This seemed to make him very happy.

Meanwhile, back on the dial, it is all politics, all the time. Or, more accurately, it is more people saying more about the tiniest perturbation in the week’s presidential campaign news. The question is whether the public interest in politics will continue after this extraordinary election year–and with it, the 24-7 political talk.

 

Filed Under: King's Commentaries Tagged With: ABC, Bill O'Reilly, Bill Press, C-SPAN, Campbell Brown, CNN, Dan Abrahms, David Gregory, Face the Nation with Bob Schieffer, Fox News Sunday with Chris Wallace, Glenn Beck, Hannity & Colmes, Henry "Scoop" Jackson, John McLaughlin, Keith Olbermann, Lou Dobbs, Meet the Press with Tim Russert, MSNBC, NBC, political talk show, Sam Donaldson, The McLaughlin Group, This Week with George Stephanopoulos, Washington Week with Gwen Ifill, Wolf Blitzer

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The Collision Between Money and News — We Lose

The Collision Between Money and News — We Lose

Llewellyn King

Trillions, as in trillions of dollars, are being bandied about in the way millions were, then billions. But take a look at 1 trillion expressed numerically: 1,000,000,000,000. Awesome, isn’t it? Twelve zeros. The national debt stands at $39 trillion, and the interest on that will top $1 trillion this year. Very soon, the first trillionaire […]

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Dear Graduates of 2026, Welcome to the world you will be taking jobs in and where you will begin building careers, and at times shaping history. It isn’t the world of your parents, and it isn’t the world your college has taught you about, because it is changing too fast. It begins anew daily. As […]

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