This explains a lot: m$m Stand To Receive $1.44 Billion From McCain’s Tax Cuts»

[babylonsister]

http://thinkprogress.org/2008/10/04/mccain-media-tax/

Mainstream Media Stand To Receive $1.44 Billion From McCain’s Tax Cuts»

Prior to and following the vice-presidential debates, conservatives on Fox News purported that the “mainstream media” has a preference for an Obama presidency. Bill Kristol, Kirsten Powers, and Bernard Goldberg all agreed in the “obvious fact” of the “transparent agenda” of liberal media bias.

Watch it/read transcript at link~

These claims fly in the face of reality. The multinational corporations that run the mainstream media — GE (NBC), Time Warner (CNN), Walt Disney (ABC), News Corporation (FOX), and Viacom (CBS) — stand to benefit hugely under a McCain presidency. The centerpiece of Sen. McCain’s economic plan — actually, the whole plan — is large tax cuts for corporations. It would deliver $1.44 billion in tax cuts to the five largest media companies, according to an analysis by the Center for American Progress Action Fund.



These giveaways are just one part of McCain’s doubling of the Bush tax cuts for corporations and the wealthy which would create the largest deficits in 25 years and drive the United States into the deepest deficits since World War II. McCain and Palin have promised that the $700 billion bailout would not threaten these tax cuts.

[CLANG]

1. I bet they're short changing GE because of Keith and Rachel

[eleny]

2. K&R - great post!

[FloridaGrl]

3. K & R