Sunday, December 19, 2010

Making Money Secrets


B. Wayne Hughes, the chairman of Public Storage, was American Crossroads'
first official donor. He gave the group an additional $950,000 in late
October, and now has contributed to $3.5 million to American Crossroads,
according to the Center's research.

Trevor Rees-Jones, the
president and chief executive officer of Dallas-based Chief Oil and Gas,
has given American Crossroads $2 million this year.


Robert Rowling, the chief executive officer of TRT Holdings, has
given the group $2.5 million since its founding. Notably, his company
has also given $2.5 million from its treasury -- including a $1
million infusion of cash in June.

And Texas home builder Bob Perry, famous for his financial support of the Swift Boat Veterans for Truth,
which produced ads critical of Democrat John Kerry's Vietnam military
service during the 2004 presidential election, also made a series of investments in
American Crossroads totaling $7 million since early September.

Jonathan Collegio, the spokesman for American Crossroads, told the Washington Post on Thursday that Crossroads Grassroots Policy Strategies -- a sister organization
of American Crossroads that is not required to disclose information
about its donors -- raised an additional $43 million this year.

Crossroads
GPS, legally defined as a 501(c)4 nonprofit designed to promote "social welfare,"
spent $17 million on political messages and advertisements this election
cycle, according to the Center's research. Crossroads GPS saw its preferred candidates win in 71 percent of the races in which it invested money.

Combined, Crossroads GPS and American Crossroads spent more on outside political messages than all other groups except the Democratic Congressional Campaign Committee, the National Republican Congressional Committee and the Democratic Senatorial Campaign Committee.


The companies that made direct contributions to American Crossroads
between Oct. 14 and Election Day are listed below, along with the amount
given and date of the donation.










Aaron Brazell notes, as many have, that it’s amusing to watch the apoplexy aimed at Julian Assange and WikiLeaks for posting stolen classified documents while his co-conspirators in the mainstream press publish them with next to no criticism.    But Aaron moves from this to make a more novel argument, namely that Assange is threatening to topple what’s left of the traditional media business model.


he media is on the sideline, their power usurped from this rogue operative with a rogue website. Instead of the New York Times or Washington Post benefitting from the receipt of leaked information as has been the case in their traditional past (see Watergate), an upstart “news organization” is stealing their thunder. Sure the Times and a variety of other media outlets were given the data eventually, but the arbiter of information was no longer them.


While the media wrings their hands over a contrived battle between the morality of publishing leaked, national security documents and preservation of national secrets, the bigger capitalistic battle is happening and that overshadows journalistic sense of responsibility.


The ability to be first is being tainted here. While Wikileaks promises to distribute new information, acting as a benevolent dictator, to news organizations, these news organizations are capitulating their responsibilities simply to make sure they have some crumbs off of Assange’s table.


No one, certainly, is suggesting that news outlets should become a lap-dog, as I have heard toss around, of the government, bowing to their every will and whim. Certainly not, lest we live in a Communist system. However, the media is expected to operate in a suitably responsible way.


In this case, the media knows that they are on the outs. In a last gasp of industry-pride, they have sacrificed themselves in a last-ditch effort to remain relevant. Put in another way, they have come to serve themselves instead of the people they exist to serve.


I’m not sure I agree with either part of this.


WikiLeaks and Newspaper Profits


First, it’s true that the Internet has been killing the old business model based on advertisements in printed copies.  And WikiLeaks is to some extent furthering this.  But, as it is, WikiLeaks is only important because hundreds of reporters from well established newspapers are sifting through the piles of mostly worthless documents to ferret out what’s interesting and distill it for their readership.


The upshot is that Assange is handing these papers mini-scoops and exciting stories to cover, thus boosting their bottom line.   By contrast, I haven’t the foggiest notion of how Assange is making any money off of this.


Now, it’s conceivable that Assange could bypass the Guardian, Times, and others and simply dump them out there for crowdsourcing.  Maybe Josh Marshall and the TPM gang or Arianna Huffington’s minions over at HuffPo would do the sorting, instead.   But right now, the threat to the mainstream media is minuscule at best.


WikiLeaks and Journalistic Ethics


Is the press here ignoring the real risks of going public with classified documents that could ostensibly cause real harm to their publics?  Maybe.  Then again, this is hardly the first time.   Leaks are the bread and butter of scoop journalism and they have been for some time.


Further, it appears — granted, we have nothing to go on but the publishers’ own accounts of the process — that the newspapers in question actually took the risks seriously, carefully vetting the information before going to press.   The NYT, especially, seemed to bend over backwards to get commentary from the US Government and to pass along any objections and their own redactions to other papers who’d received the dumps.


Beyond that, once Assange made the documents publicly available on the Internet, the only thing the editors would have achieved by refusing to report on what was in them was to lose money.  Someone was going to report anything of interest.


Turning full circle, I’d also note that there’s an important distinction between the conduct of the newspapers in question and of the WikiLeaks gang:  The former didn’t encourage the commission of crimes by those entrusted to protect America’s secrets and set up an elaborate conspiracy to make doing so easier.  Yes, they routinely cultivate sources with access to such information and happily abet legitimate whistleblowers.  But they’re not out to create anarchy just for the hell of it.






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<b>News</b> - Gwyneth Paltrow Confirms: I Helped Set Up Jake and Taylor <b>...</b>

After Us reported that Paltrow hosted a private dinner for the duo, she opens up about Gyllenhaal and Swift's budding romance.

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After Us reported that Paltrow hosted a private dinner for the duo, she opens up about Gyllenhaal and Swift's budding romance.

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ISLAMABAD: With 13 agreements already signed, Pakistan and China were expected to ink additional economic deals worth billions more Saturday, the second day.

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After Us reported that Paltrow hosted a private dinner for the duo, she opens up about Gyllenhaal and Swift's budding romance.

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Latest Pakistani <b>News</b>, Breaking <b>News</b>, China, Pakistan ink trade <b>...</b>

ISLAMABAD: With 13 agreements already signed, Pakistan and China were expected to ink additional economic deals worth billions more Saturday, the second day.

<b>News</b> - Gwyneth Paltrow Confirms: I Helped Set Up Jake and Taylor <b>...</b>

After Us reported that Paltrow hosted a private dinner for the duo, she opens up about Gyllenhaal and Swift's budding romance.

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