Eugene David
...The One-Minute Pundit

Front page



THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.

THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.

THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.

THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.

PERMALINKS:

THE NEWS HACKS' DICTIONARY

THE EUGENE DAVID GLOSSARY

AMERICA'S MOST UNINTENTIONALLY FUNNY WEB SITE!

Blogroll Me!

[Powered by Blogger]

Saturday, July 07, 2007

Posted 8:14 AM by Gene

There's a simple solution as to how the noses-in-the-air at Dow Jones and the holy JOURNALS can save face: preferred stock. This would allow the Bancrofts and their oh-so-precious poets of the news to keep at least a semblance of control, while allowing SLIME to claim their property as His. This would not be a first: David Geffen pioneered its use in this manner when he sold his record firm to MCA for preferred stock, and when MCA subsequently sold to Matsushita he reaped billions. No one's going to come around to buy off SLIME (unless he's as much of a moron), but at least the P-Ulitzer winners would keep quiet about the rape of their sacred rag -- for a while. I'm guessing that's why it's taking so long to make a deal.

I can't find it in Google News, so no one's even talking about it, but I'd bet this is what happens.

Home
Site Meter eXTReMe Tracker