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The Tribune Machine
By James Sandrolini
Chicago’s own Tribune Corporation just keeps growing—and
growing. Recently the company bought a faltering and somewhat clueless
Chicago Magazine, which over the last 10 years or so, has gotten
increasingly thick with technicolor ads and increasingly thin on
actual content.
Years ago the magazine was well-known for keeping sharp tabs on
the city’s dubious high rollers as well as its prime movers
and shakers in government and business. Its reputation was well
earned for punchy investigative pieces on the Daley dynasty as well
as pompous aldermen, fat cat politicos, and power brokers like Jesse
Jackson and ex-jailbird Dan Rostenkowski.
In recent years Chicago magazine’s zeal for gritty muckraking
steadily gave way to flashy fashion showcases, trendy restaurant
reviews, and saucy subjects like “Sex and the Single Man/Woman.”
A lighter, revenue-enhancing wind had blown into town and the hip
magazine was all over it like alligator shoes in a Gold Coast trattoria.
It’s uncertain where the Tribune will take this failed fashion
plate, but it’s unlikely Chicago Magazine will ever garner
back fans of Nelson Algren, Mike Royko or Studs Terkel’s Chicago.
The Chicago Cubs-owning Tribune Corporation mega-merged with Times
Mirror two years ago. West Coast followers of the Los Angeles Times
griped condescendingly about their prestigious paper being commandeered
by some executive rubes from the Midwest. In addition to the Chicago
Tribune, the Cubs, and the L.A. Times, the Tribune Company also
swallowed up New York’s Newsday and eight other major daily
newspapers. The media giant now owns 23 television stations, including
outlets in eight of the nation’s top ten markets.
Yet another factor in the Tribune’s ravenous appetite for
media monopolization was the takeover of the Hartford Courant and
the Hartford Advocate, the first major alternative weekly to come
under ownership of a major mainstream daily. Edward Ericson, Jr.,
a writer for the Advocate, leaked an internal memo from the Tribune
Company in the August Harper’s. According to the memo, said
Ericson, the Tribune’s “value” (i.e., its stock
price) is “largely dependent on its extending such local monopolies,
which in turn relies on its fostering and strengthening a deregulatory
administration in Washington.”
So it makes perfect sense that the Tribune Co. spent over $320,000
last year lobbying Congress to “foster” more favorable
media ownership policy. And it’s more than reasonable the
company would “strengthen” its commitment to democratic
governance by funneling more than $138,000 to federal campaigns.
This lobbying and spending has helped newspapers become monopolies.
US media companies have pressured Congress intensely over the last
eight years to undermine current FCC regulations forbidding them
from certain forms of cross-ownership (e.g. owning a daily newspaper
and a television station in three markets like Tribune does).
With FCC Chairman Michael Powell (son of Colin) in charge, these
conglomerates can rest assured virtually any media regulation is
subject to emasculation or all-out dismissal. Powell, CEO of the
public airwaves, refers to these regulatory safeguards as “the
oppressor” and to corporations as “our clients.”
After the Clinton Administration helped push through the virtually
criminal 1996 Telecom Act—which cleared the way for media
vultures to swoop down and pick clean the remains of public ownership
of the airwaves—the Bush White House simply installed a fox
to watch the chicken-coop.
The great advantage of media monopolization is that the more consolidated
companies become, the more their “acquirees” can pump
up advertising rates—even in economically troubled times.
Ericson reports that after Tribune bought up the Courant, ad sales
doubled in a year.
There’s also the considerable bonus of synergy in corporate
buyouts whereby a newly acquired radio station can now promote the
television programs of the parent media company. After CBS bought
up Chicago’s once independent WXRT in the mid-1990s, for the
first time ever this venerable rock radio station started airing
rather incongruous TV promos for prime-time sitcoms and dramas.
In 1999, media mammoth Viacom merged with CBS for a record $80 billion.
The deal was initially delayed while Congress tinkered with FCC
rules in order to make the sale legal. Before this sell-out, XRT
prided itself on its several award-winning newscasts per day. These
days, no news is good news for Viacom. In its place? Stock market
updates.
One interesting issue to raise here concerns how major news conglomerates
choose which candidates to endorse in upcoming elections. Ericson
writes that the Courant’s editorial board—which had
traditionally championed more liberal stances on social and economic
matters—“endorsed George W. Bush in 2000, startling
readers and inviting speculation that the Tribune had influenced
the decision.” The editors denied any endorsement pressures
from its new monolithic owner to move rightward but finally admitted
that “the final decision is left to the owners of the newspaper.”
Ericson believes corporate media’s relentless drive to maximize
advertising revenues will ultimately reduce American journalism
to a ghost of its former self: “Greater concentration of ownership
within markets will inevitably lead to less competition, fewer reporters,
and less news; and will lead, nationwide, to more tremendous mergers,
and hence to fewer media owners, none of them local and all of them
corporate.”
Since the Times Mirror merger of 2000, the Tribune has laid off
workers and imposed a hiring freeze to strip things down to a lean,
mean corporate machine. The company cogs, big and small, are getting
nervous about their futures with Tribune. But CEO John Madigan and
President Dennis FitzSimons aren’t worried: they’ve
been promised platinum parachutes of at least three years’
pay and double their targeted bonus. That’s $9 million and
$4 million respectively.
And fear not, sports fans, for as long as the Cubs continue losing
but Tribune stock keeps winning, our ‘lovable losers’
aren’t going anywhere fast. The Tribune likes them just the
way they are. Fans and newsreaders struck out long ago.
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