For the past month Manhattan has been the epicenter of a new movement that seeks to reinstate the people as the stewards of American politics and to foreclose on the corporations who have been managing Washington as if it were a wholly owned subsidiary. But now the revolution heads west to Los Angeles where News Corp, the parent of Fox News and the Wall Street Journal, will be holding their annual shareholders meeting on Friday, October 21.
The meeting promises to be a stimulating affair as Rupert Murdoch and his spawn face expulsion from the board of their own company. A surprising number of institutional shareholders and analysts have already publicly advised their clients to withhold their votes to reelect the Murdoch clan and a handful of their allies. The Guardian is reporting that opposition to “The Family” is presently as high as 25% before the meeting is even gaveled in to order.
Dumping the Murdochs will still be an uphill battle given that they control 39% of the voting shares. Astonishingly, they still have supporters despite the fact that they have presided over unlawful and unethical practices that have materially damaged the company’s revenue and reputation. But even if they survive it will be in a weakened and humiliated state. There is certain to be vocal opposition in the room from big shareholders disgusted by nepotistic cronyism and the lack of independence, as well as rebel voices who may engage in a bit of theatrical protesting.
The real protesting, however, will be going on outside the meeting as the Occupy Los Angeles crowd migrates over from their base in Downtown L.A. to give Fox a taste of what it’s like to be occupied. They will be joined by FreePress, Change to Win, Common Cause LA, Brave New Films, and others. If you’re in L.A., be sure sure to head down to Fox Studios at 10201 W. Pico Blvd., Century City, Los Angeles (Street parking is available on Motor Ave. A map is here). The protest is scheduled for Friday, Oct. 21, 9–11 a.m.
Rupert Murdoch and News Corp are the epitome of what the 99% are protesting: an unaccountable corporation that manipulates the political process while seeking to enrich itself at the expense of the public that it is failing to serve. And as a media enterprise they also contribute to the disinformation and divisiveness that is tearing this country apart.
But remember, there is another 99% in America. That is the 99% of the nation that does not watch Fox News. The highest rated program on Fox (The O’Reilly Factor) pulls in about 1% of the population. That’s about half the audience of the lowest rated broadcast network news program (CBS Evening news). NBC’s Nightly News draws four times the viewers of Fox. Yet Fox deftly uses their platform to exult themselves and shout down everyone else.
After taking the Tea Party under their wing and promoting it incessantly, Fox now regards protesters as ignorant, smelly, and unpatriotic. Their overt hostility to the majority of citizens who want economic and social justice is fraught with lies and riddled with childish insults that cater to the diminished IQ of their viewers. Polls show that, even after Fox’s relentless propaganda, support for the Occupy movement is twice as much as the Tea Party, which is still viewed negatively by most people.
So let Fox have the 1% of America’s most delusional television viewers. The rest of us will make our voices heard the old fashioned way: by organizing, communicating, and exercising our rights. Stand up. Speak out. Occupy. We are the 99% who do not watch Fox News.
