Commentary - 09/21/2006

Who "Controls" The 10 Major Newspaper Companies?

This page helps determine who really controls the major public newspaper companies, according to market cap. It was a lot of work, but it turned out very interesting. I can't help but think that nothing has really changed since 1889, when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands since then.

The point is, control of American companies is rapidly being consolidated into a few foreign hands, and they are also doing so at "frantic" pace. Damn any of the promises that had been made, such as retirement benefits, health care and pensions. And why is this being done? To "own the earth in fee simple."

You can do the same lookup on any public corporation and see for yourself who controls what. You will also see that some of the major holders are hardly nothing more than a "front" for another, more powerful group. Simply find out who the major holders of the major holders are and you will see for yourself. This is simply to make it easier to deceive the public.

While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year, and the stock options they cashed.

Another problem we're facing now is the growth of private-equity groups, which don't have to make the same disclosures as the publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.

I have no illusions that they are simply another type of "Snakes In Suits." One last thing: If you found this information valuable, please help support this site. With that being said, here goes:

Major Newspaper Companies (as of 30-JUN-2006)  
Symbol Name Of Corporation
GCI

Major
Holders
1. Gannett Co., Inc. [$13.13B] Owns What?
Private Capital Management, Inc.5.93%
Brandes Investment Partners L.P.4.94%
Tukman Capital Management, Inc.4.04%
Barclays Global Investors UK Holdings Ltd3.77%
JP Morgan Chase & Company3.40%
FMR Corporation (Fidelity Management & Research Corp)3.09%
State Street Corporation2.91%
Vanguard Group, Inc.2.72%
Capital Research And Management Company2.39%
Wellington Management Company, LLP1.72%
Total percentage of Barclays and "associates"16.01%
TRB

Major
Holders
2. Tribune Co. [$7.93B] Owns What?
T. Rowe Price Associates6.34%
Ariel Capital Management, Inc.6.06%
Barclays Global Investors UK Holdings Ltd5.65%
Lord Abbett & Co.3.26%
Northern Trust Corporation2.80%
State Street Corporation2.61%
Vanguard Group, Inc.2.35%
LSV Asset Management1.81%
Morgan Stanley1.75%
Davidson Kempner Capital Management LLC1.45%
Total percentage of Barclays and "associates"19.15%
SSP

Major
Holders
3. EW Scripps Co. [$7.59B] Owns What?
% of Shares Held by All Insider and 5% Owners:48.00%
Capital Research And Management Company6.02%
Harris Associates L.P.6.01%
Sirios Capital Management, L.P.3.38%
Manning & Napier Advisors Inc.2.86%
Neuberger Berman, LLC2.56%
First Manhattan Company2.53%
Wellington Management Company, LLP2.53%
Gardner Russo & Gardner2.20%
Gamco Investors Inc.2.19%
Vanguard Group, Inc.2.14%
Total percentage of Barclays and "associates"2.56%
WPO

Major
Holders
4. Washington Post Co. [$7.05B] Owns What?
Berkshire Hathaway, Inc.17.98%
JP Morgan Chase & Company7.49%
Franklin Resources, Inc.5.13%
Harris Associates L.P.3.75%
Horizon Asset Management, Inc./NY3.21%
Weitz (Wallace) R. & Company3.04%
Barclays Global Investors UK Holdings Ltd1.88%
Gardner Russo & Gardner1.80%
Kinetics Asset Management Inc.1.63%
Bank Of America Corporation1.47%
Total percentage of Barclays and "associates"15.97%
NYT

Major
Holders
5. New York Times Co. [$3.31B] Owns What?
T. Rowe Price Associates14.49%
Private Capital Management, Inc.13.06%
FMR Corporation (Fidelity Management & Research Corp)8.84%
Morgan Stanley6.39%
Vanguard Group, Inc.4.22%
Massachusetts Financial Services Co.4.17%
Barclays Global Investors UK Holdings Ltd3.16%
State Street Corporation2.65%
Mellon Financial Corporation2.43%
Atlantic Investment Management, Inc.1.73%
Total percentage of Barclays and "associates"42.18%
MNI

Major
Holders
6. McClatchy Co. [$3.23B] Owns What?
% of Shares Held by All Insider and 5% Owners:31.00%
Private Capital Management, Inc.14.82%
Ariel Capital Management, Inc.6.03%
Highfields Capital Management L.P3.03%
Gardner Russo & Gardner2.97%
JP Morgan Chase & Company2.91%
Citadel Limited Partnership2.06%
Vanguard Group, Inc.1.76%
T. Rowe Price Associates1.41%
Barclays Global Investors UK Holdings Ltd1.24%
Amvescap Plc.1.21%
Total percentage of Barclays and "associates"20.38%
DJ

Major
Holders
7. Dow Jones & Co. Inc. [$2.74B] Owns What?
% of Shares Held by All Insider and 5% Owners:17.00%
T. Rowe Price Associates11.27%
Hotchkis & Wiley Capital Management, LLC.5.72%
Tudor Investment Corporation3.65%
Citadel Limited Partnership3.22%
Mason Capital Management, LLC2.95%
Vanguard Group, Inc.2.80%
Goldman Sachs Group Inc2.74%
United States Trust Company Of New York2.33%
State Street Corporation2.32%
American Century Companies, Inc.2.14%
Total percentage of Barclays and "associates"19.09%
BLC

Major
Holders
8. Belo Corp. [$1.62B] Owns What?
% of Shares Held by All Insider and 5% Owners:13.00%
Private Capital Management, Inc.23.61%
Lazard Asset Management LLC5.66%
Barclays Global Investors UK Holdings Ltd4.63%
Capital Research And Management Company4.29%
Vanguard Group, Inc.3.52%
State Street Corporation2.26%
Gamco Investors Inc.2.24%
Diamond Hill Capital Management, Inc.1.92%
Bank Of America Corporation1.82%
Coastline Trust Company1.31%
Total percentage of Barclays and "associates"37.98%
LEE

Major
Holders
9. Lee Enterprises Inc. [$1.10B] Owns What?
Ariel Capital Management, Inc.18.40%
Private Capital Management, Inc.16.27%
Cedar Rock Capital Limited7.35%
Eubel Brady & Suttman Asset Management, Inc.3.04%
Vanguard Group, Inc.2.04%
State Street Corporation2.59%
Massachusetts Financial Services Co.1.33%
GW Capital Management, LLC1.23%
Gamco Investors Inc.1.17%
Total percentage of Barclays and "associates"18.86%
MEG

Major
Holders
10. Media General Inc. [$888.44M] Owns What?
% of Shares Held by All Insider and 5% Owners:8.00%
Private Capital Management, Inc.15.23%
Gamco Investors Inc.14.27%
Gabelli Funds, LLC.7.33%
Barclays Global Investors UK Holdings Ltd5.55%
AXA (Paris, France)3.01%
Vanguard Group, Inc.2.60%
Mellon Financial Corporation2.51%
Witmer Asset Management2.35%
Ironbridge Capital Management, LLC5.88%
State Street Corporation1.91%
Total percentage of Barclays and "associates"25.20%


© 2006 by Edward Ulysses Cate
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