With thanks to Fairness and Accuracy in Reporting August 2009:
While it should go without saying that correlation is not causation—and MSNBC’s example proves that interlocking directorates are hardly the only factor in media coverage—this study indicates that, at the very least, corporate media and the insurance and pharmaceutical industries’ interests are fundamentally aligned.
|Media Corporation||Insurance & Pharmaceutical Companies|
|Disney/ABC||Proctor & Gamble|
|GE/NBC||Chubb, Novartis, Proctor & Gamble, Merck|
|Time Warner||AIG, Health Cap, Paratek Pharmaceuticals|
|Fox/News Corp||GlaxoSmithKline, Genentech, Hybritech|
|New York Times Co.||First Health Group, Eli Lilly|
|Tribune Co.||Abbott Labs, Middelbrook Pharmaceuticals|
The study also found crossover between these media corporations and several large pharmaceutical companies, such as Eli Lilly, Merck and Novartis, whose profits would also likely be negatively impacted by a single-payer system. Out of the nine media corporations studied, six had directors who also represented the interests of at least one pharmaceutical company. In fact, save for CBS, every media corporation had board connections to either an insurance or pharmaceutical company.
The Leveson Inquiry has been established under the Inquiries Act 2005 and has the power to summon witnesses. It is expected that a range of witnesses, including newspaper reporters, management, proprietors, police officers and politicians of all parties will give evidence under oath and in public. It will make recommendations on the future of press regulation and governance consistent with maintaining freedom of the press and ensuring the highest ethical and professional standards.