http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=6467192&mesg_id=6470772formercia Sat Sep-05-09 08:24 AM
Response to Original message
33. ABC =CIA
Edited on Sat Sep-05-09 08:28 AM by formercia
http://www.smokershistory.com/abc.htm--snip--
William Joseph Casey (1913-1987) was Director of Central Intelligence from 1981 to 1987. Casey and former officers of the Central Intelligence Agency set up the media holding company Capital Cities in 1954. "According to many investigators, during this period the CIA poured millions into setting up front companies for covert operations in broadcasting and publishing, and it is alleged that Casey funneled some of these funds into Capital Cities to acquire failing media companies and turn them around."
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Capital Cities, 1959
"Capital Cities Stations - WROW-AM-FM and WTEN (TV) Albany, WCDB (TV) Hagaman, both N.Y. WCDC (TV) Adams, Mass., WTVD (TV) Durham, N.C. and WPRO-AM-FM-TV Providence, R.I. Ownership: Lowell J. Thomas, 16.2%; Frank M. Smith, 12.10%; John P. McGrath, 5.1%; William J. Casey, 4.4%; Leo W. O'Brien, 2.03%; Dean P. Taylor, 2.6%; Mr. Thomas is the CBS commentator. Messrs. O'Brien and Taylor are Congressmen from New York." (Broadcasting Yearbook 1959, p. 403.)
Capital Cities' Takeover of ABC
"On November 21, 1984, the CIA asked the Federal Communications Commission to strip ABC of its five TV and 14 radio station licenses. (ABC has hundreds of affiliate radio and TV stations, but it's legally limited to owning just a few stations, all of which are located in the biggest, most lucrative markets.) The CIA was ostensibly upset because on Sept. 19-20, 1984, ABC News had aired allegations that the agency had contracted for the murder of Ron Rewald, a Honolulu swindler who claimed that his scams were directed by the CIA, of which he claimed to be a secret agent. The story supposedly so enraged then-CIA director William Casey that he asked the FCC to strike the ultimate economic death blow to ABC by revoking its station licenses. In February 1985, the CIA reduced its demands to asking for FCC penalties under the "Fairness Doctrine," which requires the broadcasters to air at least two sides of 'controversial issues of public importance.' In both FCC complaints, Bill Casey's CIA became the first government agency ever to seek such redress from the news media.
"On March 18, 1985, while the FCC considered Casey's complaints, ABC agreed to be acquired by Capital Cities, a media conglomerate with the lowest profile and highest profit margins in the broadcasting business. It was a "friendly" takeover; ABC chief Leonard Goldenson and Cap Cities president Tom Murphy had been close friends for years. Cap Cities also owns daily papers in Fort Worth and Kansas City, trade journals (including Women's Wear Daily) and, at that time, 55 cable TV systems." (The Seizing of the American Broadcasting Company. The LA Weekly, Feb. 20-27, 1987.)
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