Monday, September 8, 2008

Conflict of Interest


MSNBC Drops Olbermann, Matthews as News Anchors

By Howard Kurtz
Washington Post Staff Writer
Monday, September 8, 2008; C01

MSNBC is removing Keith Olbermann and Chris Matthews as the anchors of live political events, bowing to growing criticism that they are too opinionated to be seen as neutral in the heat of the presidential campaign.

David Gregory, the NBC newsman and White House correspondent who also hosts a program on MSNBC, will take over during such events as this fall's presidential and vice presidential debates and election night.

The move, confirmed by spokesmen for both networks, follows increasingly loud complaints about Olbermann's anchor role at the Democratic and Republican conventions. Olbermann, who regularly assails President Bush and GOP nominee John McCain on his "Countdown" program, was effusive in praising the acceptance speech of Democratic nominee Barack Obama. He drew flak Thursday when the Republicans played a video that included a tribute to the victims of the Sept. 11 attacks, saying that if the networks had done that, "we would be rightly eviscerated at all quarters, perhaps by the Republican Party itself, for exploiting the memories of the dead, and perhaps even for trying to evoke that pain again. If you reacted to that videotape the way I did, I apologize."

Matthews, who has criticized politicians in both parties, drew less criticism for his convention role but became a divisive figure during the primaries when he described how he was inspired by Obama's speeches and made disparaging remarks about Hillary Clinton, for which he later apologized.

In May, MSNBC President Phil Griffin said in an interview that during live events Olbermann and Matthews "put on different hats. I think the audience gets it. . . . I see zero problem."

But NBC News journalists, who often appear on the cable channel, did see a problem, arguing behind the scenes that MSNBC's move to the left -- which includes a new show, debuting tonight, for Air America radio host Rachel Maddow -- was tarnishing their reputation for fairness. Tom Brokaw, the interim host of "Meet the Press," said that at times Olbermann and Matthews went too far.

Olbermann and Matthews will remain as analysts during major political events, and officials at both networks, who declined to be identified discussing personnel moves, said Olbermann had initiated the discussions to clarify his role. They said Olbermann's influence at MSNBC would in no way be diminished and that the shift would enable him and Matthews to offer more candid analysis during live coverage. Olbermann confirmed yesterday he had initiated the discussions.

"Phil and I have debated this set-up since late winter/early spring (with me saying, 'Are you sure this flies?' and him saying, 'Yes, but let's judge it event by event') and I think we both reached the same point during the RNC," Olbermann said by e-mail.

Olbermann was involved in several on-air incidents during the conventions that drew unwanted attention. He told morning host Joe Scarborough, a former Republican congressman, to "get a shovel" as Scarborough was defending the McCain campaign. And when GOP strategist Mike Murphy was debating Matthews, Olbermann could be heard saying, "Let's wrap him up."

These and other clashes fueled a sense that conservative voices are less than welcome at MSNBC as it has tried to position itself as a left-wing alternative to Fox News Channel. Olbermann disputes this view, calling the incidents "overblown." Still, the network canceled Tucker Carlson's show in March and has diminished his role. And Dan Abrams, the veteran NBC legal analyst and former MSNBC general manager, had his program dropped last month to make room for Maddow, an Olbermann protege.

MSNBC's more liberal outlook has boosted its ratings, though it remains the third-place cable news channel. But both parties began castigating its coverage last spring. Steve Schmidt, McCain's top strategist, called the network "an organ of the Democratic National Committee," and Clinton campaign chairman Terry McAuliffe said Matthews was "in the tank" for Obama.

Resources

(Columbia Journalism Review) CJR's guide to what the major media companies own.

Click here for CJR articles about media ownership or select a media company below.

General Electric
www.ge.com
1878
Thomas Edison forms Edison Electric Light Company
1892
Edison General Electric Company merges with Thomson-Houston Electric Company to create General Electric Company
1897
Wireless Telegraph and Signal Company formed by Guglielmo Marconi
1901
Emile Berliner and Eldridge Johnson form the Victor Talking Machine Company
1906
David Sarnoff begins working at American Marconi
1917
U.S. Government begins using GE produced aircraft engines
1919
Radio Corporation of America (RCA) is created. RCA is formed after the U.S. Government gives control of the wireless industry back to the public sector following World War I. RCA gains the assets of American Marconi and becomes the controlling body of the patents belonging to General Electric, Westinghouse, United Fruit and AT&T
1926
National Broadcasting Corporation (NBC) formed. Sarnoff sees the potential of a nationwide network of radio stations and gets RCA, GE and Westinghouse to invest in the acquisition of WEAF in New York City and WJZ in Newark
NBC's "Red" and "Blue" networks respectively -as the flagship stations for the new NBC Radio network
1927
NBC Radio broadcasts the Rose Bowl to nationwide audience
1929
RCA purchases Victor Talking Machine Company of Camden, NJ for $154 million and begins manufacturing radios and phonographs
1932
Due to concerns of a growing monopoly, GE and Westinghouse sell off stake in RCA
1939
NBC introduces television broadcasting at the World's Fair in New York City
1941
Federal Communications Commission releases its Report on Chain Broadcasting. The report is critical of the growth of broadcast networks and proposes that NBC sell off one of its two networks
NBC Red & NBC Blue
1941
NBC receives first license for a commercial television station
1943
After losing court battles with the FCC over the demand to divest one off its networks, RCA sells of NBC Blue Network to Edward Noble, lifesavers candy creator. Network eventually becomes ABC
1954
NBC has first color telecast of Rose Bowl parade. Very few people actually see the telecast because there are not that many color sets in use
1966
RCA purchases Random House
1973
RCA purchases Ballantine Books
becomes part of Random House
1980
RCA sells of Random House to S. I. Newhouse's Advance Publications
1985
GE acquires NBC as part of a $6.3 billion for RCA
1986
- GE sells RCA's music division to Bertelsmann
1989
CNBC is formed
1996
MSNBC is launched. Cable news network is a joint partnership between GE and Microsoft
1997
CNBC Asia and Europe are formed.
1999
GE gains 32% stake in Paxson Communications and its PAX TV network
2002
Telemundo Communications Group is acquired for $2.7 billion in a deal with an investment group that includes Sony and Liberty Media. In a separate deal, Bravo Network is acquired from a deal with Cablevision and MGM for $1.25 billion
2003
Deal announced between GE and Vivendi Universal to create NBC Universal. In the deal, GE acquires Vivendi Universal's entertainment holdings which include theme parks and Universal Pictures' movie and television studios, and three cable channels (NYT 10/9/03)
Television
NBC Stations:
WNBC
New York
KNBC
Los Angeles
WMAQ
Chicago
WCAU
Philadelphia
KNTV
San Jose/San Francisco
KXAS
Dallas/Fort Worth
WRC
Washington
WTVJ
Miami
KNSD
San Diego
WVIT
Hartford
WNCN
Raleigh
WCMH
Columbus
WVTM
Birmingham
WJAR
Providence

Telemundo Stations:
KVEA/KWHY
Los Angeles
WNJU
New York
WSCV
Miami
KTMD
Houston
WSNS
Chicago
KXTX
Dallas/Fort Worth
KVDA
San Antonio
KSTS
San Jose/San Francisco
KDRX
Phoenix
KNSO
Fresno
KMAS
Denver
WNEU
Boston/Merrimack
KHRR
Tucson
WKAQ
Puerto Rico
NBC Universal Television Studio
NBC Universal Television Distribution
CNBC
MSNBC
Bravo
Mun2TV
Sci-Fi
USA
Sleuth
Oxygen
Film
Universal Pictures
Parks
Universal Parks & Resorts
Other General Electric Businesses
GE Aircraft Engines
GE Commercial Finance
GE Consumer Products
GE Industrial Systems
GE Insurance
GE Medical Systems
GE Plastics
GE Power Systems
GE Specialty Materials
GE Transportation Systems
last updated 08/13/08

Iraq signs $480 mln contract with GE for power plants

Fri Jun 6, 2008 12:47pm EDT

BAGHDAD, June 6 (Reuters) - Iraq has signed a contract with General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) worth $480 million to build three power plants and is negotiating with Hyundai to buy diesel generators, the country's electricity minister said on Friday.

Iraq faces chronic electricity shortages, with its fragile grid, battered by years of war, sanctions and neglect, struggling to keep up with increasing demand. The capital Baghdad receives only a few hours of electricity every day.

Electricity Minister Karim Waheed told journalists in Baghdad that Iraq had signed a contract with General Electric last week to build three power stations in southern Baghdad the southern city of Kerbala, and Taji, north of Baghdad.

"According to the plan, the work will be completed between the end of 2009 and the start of 2010," Waheed said.

Iraq has also signed two other contracts, each worth $41 million, for GE to supply spare parts for the stations, he said.

Iraq said last month it had signed a 179 million euro contract with General Eelctric to buy eight natural gas-powered generators, most of which would be installed in Baghdad.

Five years after U.S. forces invaded to topple Saddam Hussein, and with violence at a four-year low, Iraqis are pressing the government to improve service delivery. Many areas lack access to electricity or drinking water.

With the onset of summer, when temperatures can reach 50 degrees Celsius (122 Fahrenheit), demand for power will increase as people turn on their air conditioners to keep cool.

Waheed said there was a wide gap between the consumption and supply of electricity in Iraq. Demand is around 10,500 MW, far above the 5,500 MW the grid is able to supply.

The minister said a contract would be signed with South Korean company Hyundai in Istanbul, Turkey, next week, to supply Iraq with diesel generators. He did not give a value for the contract.

He said a contract would also be inked with German engineering group Siemens (SIEGn.DE: Quote, Profile, Research, Stock Buzz) in Istanbul at the same time to supply Iraq with three "gas power units". He gave no further details.

(Reporting by Ahmed Rasheed, writing by Ross Colvin)



Top 100 US Defense Contractors (FY2004)

CompanyTotal $
Lockheed Martin Corporation$20,690,912,117
The Boeing Company$17,066,412,718
Northrup Grumman Corporation$11,894,090,277
General Dynamics Corporation$9,563,280,236
Raytheon Company$8,472,813,918
Halliburton Company$7,996,793,706
United Technologies Corporation$5,056,937,646
Science Applications International$2,450,781,108
Computer Sciences Corporation$2,390,806,128
Humana, INC$2,372,078,226
L-3 Communications Holding, INC$2,260,292,852
BAE Systems PLC$2,192,647,377
Health Net, INC$1,899,824,940
General Electric Company, INC$1,822,720,199
Bechtel Group, INC$1,742,470,267
Bell Boeing Joint Program$1,539,815,440
ITT Industries, INC$1,539,742,075
Electronic Data Systems Corp$1,538,272,307
Honeywell International, INC$1,462,914,723
Carlyle Group$1,442,680,416
Triwest Healthcare Alliance Co$1,279,718,275
Renco Group, INC$1,107,714,525
N.V. Koninklijke Nederlandsche$1,070,123,431
Oshkosh Truck Corp$1,024,393,853
Government of the United States$1,005,125,700
North American Airlines$961,600,936
Fedex Corp$953,937,622
Textron, INC$940,267,009
The Titan Corporation$933,553,947
Boeing Sikorsky Comanche Team$929,237,820
Booz Allen Hamilton, INC$909,662,799
Veritas Capital Management LLC$863,011,144
GM GDLS Defense Group LLC, Joint$811,806,569
Parsons Corporation$809,149,679
Public Warehouse Company KSC$804,819,568
URS Corporation$803,827,407
Government of Canada$751,146,926
Anteon International Corporation$700,777,237
Johnson Controls, INC$696,616,130
Engineered Support Systems, INC$693,853,540
Dell, INC$642,979,441
A P Moller Gruppen$638,727,709
McKesson Corporation Delaware$627,636,543
Massachusetts Institute of Technology$607,115,402
Harris Corporation$605,789,159
B P PLC$597,674,231
Alliant Techsystems, INC$592,439,301
Rockwell Collins, INC$588,367,763
American Body Armor and Equipment$579,263,655
Cardinal Health, INC$575,550,418
The Mitre Corporation$555,179,849
Fluor Corporation$549,931,378
The Aerospace Corporation$545,618,920
CACI International, INC$530,857,936
Chugach Alaska Corporation$524,059,506
Shaw Group, INC$499,387,972
Amerisourcebergen Corporation$495,976,092
Morrison Knudsen Corporation$458,405,045
Perini Corporation$444,586,274
Alliant Lake City Small Caliber$428,533,834
Sierra Health Services, INC$427,761,556
Rolls-Royce Group PLC$417,259,050
Arinc, INC$392,104,145
Jacobs Engineering Group, INC$391,400,597
International Business Machines$386,287,823
Johns Hopkins University$377,338,683
Stewart & Stevenson Services, INC$375,814,557
General Atomic Technologies Co$357,069,481
Goodyear Tire & Rubber Company$356,816,813
B F Goodrich Company$351,560,106
Valero Energy Corporation$349,713,683
Unicor/Federal Prison Industries$348,761,884
Mantech International Corporation$344,464,919
Thales$339,053,739
GTSI Corp$335,067,739
United Industrial Corporation$330,749,744
Contrack International, INC$329,301,182
Motorola, INC$307,815,919
DRS Technologies, INC$305,781,572
Raytheon/Lockheed Martin Javelin$300,796,459
Battelle Memorial Institute$298,573,380
Exxon Mobil Corporation$283,998,683
Abu Dhabi National Oil Co$276,571,701
Environmental Chemical Corp$272,591,834
Cubic Defense Systems, INC$267,744,151
Combat Support Associates$265,499,091
Tetra Tech, INC$261,786,991
Parker Hannifin Corporation$261,182,102
Atlantic Diving Supply, INC$256,920,555
Anham Joint Venture$256,370,421
Team Apache Systems LLC$253,487,580
Tyco International, LTD$252,525,860
CH2M Hill Companies, LTD$244,492,078
Charles Stark Draper Laboratories$240,280,299
Smiths Industries PLC$236,158,991
Army Fleet Support, LLC$234,587,461
SSANGYONG (USA), INC$233,381,842
Procter & Gamble Company$233,220,846
DHB Industries, INC$232,251,930
VSE Corporation$231,732,524

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