ITT's bid to acquire ABC fails
Citations (1)
- Manufacturing Consent: The Political Economy of the Mass Media whole source · open book
It may be recalled that from 1965 to 1967, an attempt by International Telephone and Telegraph (ITT) to acquire ABC was frustrated following a huge outcry that focused on the dangers of allowing a great multinational corporation with extensive foreign investments and business activities to control a major media outlet.31 The fear was that ITT control “could compromise the independence of ABC’s news coverage of political events in countries where ITT has interests.”32 The soundness of the decision disallowing the acquisition seemed to have been vindicated by the later revelations of ITT’s political bribery and involvement in attempts to overthrow the government of Chile.
chapter: 1 A Propaganda Model