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Are GE Shareholders really upset that MSNBC is a ratings success?

April 23, 2009 10:19 am ET by Eric Boehlert

That's what The Hollywood Reporter claims, although its report seems a bit fishy. Here's THR's take:

Things got testy Wednesday at the GE shareholders meeting courtesy of several complaints about [liberal] political bias at its media division, NBC Universal.

That just seems odd. And I'm not referring to the fact that MSNBC's entire morning block is hosted by a former GOP Congressman. (Great way to advance that liberal agenda, eh?) But rather, why would GE shareholders, who invest in the global conglomerate to earn back dividends, be upset that the GE-owned cable outlet has practically doubled its ratings in recent years? Why would GE shareholders, who have suffered through dismal earning reports from the business icon recently, be upset that its cable news unit was bringing in hundreds of millions of dollars in ad revenue?

Meaning, is that really a deep concern among GE investors about MSNBC, or did some activists try to hijack the annual GE proceedings? Here's the clue, which came in the article's final paragraph:

One shareholder at the Orlando, Fla., meeting was Jesse Waters, a producer of "The O'Reilly Factor." Waters asked a question at the meeting, then turned on the Fox News Channel cameras outside the venue and interviewed other shareholders who attended the meeting.

This is a classic stunt: buy minimal shares in a company in order to be granted access to the annual shareholder meeting where you might be allowed to ask the chairman a question. Are GE shareholders worldwide upset that MSNBC's become a ratings hit in recent years? Outside of O'Reilly's paid players, there's no indication that's the case.

Also, note that THR hyped the MSNBC "drama" at the shareholder meeting, but neither Bloomberg nor AP nor WSJ even mentioned the topic in their dispatches from GE's annual confab.

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    • Author by mk3872 (April 23, 2009 10:27 am ET)
         

      OMG, O'Reilly sent Jesse Waters to disrupte the shareholders meeting?

      LOL! What a creepy egomaniac!

      All we hear is that MSNBC is no challenge to his ratings superiority. So why the need to send hit boy to their shareholders meeting?

      Classic O'reilly stunt. Notice how Drudge was right there to headline it today?

       

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      • Author by Disputed Zone (April 23, 2009 12:07 pm ET)
           
        Ironic that the only media outlet to fall for the stunt was The Hollywood Reporter.
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    • Author by shaggles (April 23, 2009 11:23 am ET)
         
      I would bet that most GE shareholders don't even make the connection between GE and MSNBC.
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    • Author by News Corpse (April 23, 2009 4:20 pm ET)
         
      Paul Bond has a history of journalistic lapses of ethics. The fact that for this article he quotes Tom Borrelli at length is another example of his bias. Borelli is the manager of a right-wing mutual fund, the Free Enterprise Fund. And he is a frequent guest on Glenn Beck's program.
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