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Saturday, October 21, 2006

MULTI-MILLIONAIRE MEDIA, THE (pl. n.)

Label affixed to both electronic and print media (see Dinosaurs) to reference the fact that it isn't political agenda or social concerns that motivate those involved, but rather, money.

Based on a premise found in the Peter Principle which states that "Only peers can communicate," the term Multi-Millionaire Media (or "MMM") implies that news repeaters, their editors and bosses, are simply talking to, for, and about, themselves and each other.

The New York Magazine's Salary Guide for 2005 lists these annual paychecks:

Charlie Gibson,
$7 million
Co-anchor, Good Morning America

Brian Williams,
$4 million
Anchor, NBC Nightly News

Anderson Cooper
$2 million
Host, Anderson Cooper 360

Chuck Scarborough
$3 million
Anchor, WNBC news

Sue Simmons
$2.5 million
Anchor, WNBC news

Roger Ailes,
$7.1 million
Chairman, Fox News Channel

Andrew Heyward
$1.5 million
President, CBS News




NEWS REPEATER (n.)

Someone who repeats talking points in lieu of investigative journalism for a living. See News Reporter (archaic)