Government Buys Out the Press May 25, 2009

by Will

Will Grigg?s Liberty Minute

May 25, 2009

A few weeks ago, the San Diego Union-Tribune newspaper was purchased by Platinum Equity, an investment fund from Beverly Hills. Platinum Equity is capitalized by the $30 billion pension fund of the Los Angeles Police Department and other large sums derived from public employee pension funds throughout California.

The first priority of the Union-Tribune?s new owners was to punish writers who had exposed and condemned corruption in the management of public pension funds. In a March 26 letter to the head of Platinum Equity, police union official Paul M. Weber wrote: "Since the very public employees [the newspaper?s editorial board] continually criticize[s] are now their owners, we strongly believe that those who currently run the editorial pages should be replaced.?

Huge amounts of so-called ?stimulus? funding are pouring into government agencies, and financially crippled newspapers are seeking government assistance. Heavy-handed attempts at political control over the media will probably become quite common.

Let us take back the liberty wherewith Christ has made us free.

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