Mar
30
2011

WaPo Looks at NBC's Noncoverage of GE

The Washington Post's Paul Farhi has a piece today (3/30/11) about NBC's non-coverage of the revelation that part-owner General Electric is making piles of money–and paying no federal taxes.I'm quoted in it. Farhi breaks it down, and gets an NBC response: It's the kind of accountability journalism that makes readers raise an eyebrow, if it doesn't raise their blood pressure first. General Electric Co., reported the New York Times last week, earned $14.2billion in worldwide profits last year, including $5.1billion in the United States–and paid exactly zero dollars in federal taxes. The front-page story drew widespread commentary in newspapers and […]

Mar
28
2011

GE Avoids Reporting on GE Avoiding Taxes

You may have heard about the New York Times report (3/25/11) explaining that General Electric made $14 billion in worldwide profits in 2010–and paid the federal government exactly nothing in taxes. The Times explained this is"based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore." Despite the Comcast purchase, GE is still apart owner of NBC and MSNBC–the latter conventionally thought to be a liberal-leaning outlet. So did they say much about a giant corporation keeping profits offshore in order to avoid paying taxes? Not really; Paul […]

Nov
09
2010

FAIR Out There

–On Democracy Now! (11/8/10): While Keith Olbermann's donations became front-page news, little attention has been paid to the massive amount of political spending by MSNBC's parent company General Electric, one of the nation's largest military contractors. Fairness & Accuracy In Reporting reports GE made over $2 million in political contributions in the 2010 election cycle. The top recipient was Republican Senate candidate Rob Portman from Ohio. The company has also spent $32 million on lobbying this year and contributed over $1 million to campaign against a California ballot initiative aimed at eliminating tax loopholes for major corporations. –George Curry, writing […]