Tuesday, July 12, 2011

FAUX NEWS IS SUPPORTED BY THE FEDS

UPDATE: THIS POST IS COMPLETELY WRONG.  SEE ABOVE FOR DETAILS.

The Baggers whine about Federal funding for NPR and PBS without being aware of the disgraceful scam Rupert Murdoch's News Corporation is running.   David Cay Johnston reports that the News Corp. has been getting money from the Feds between 2007 and 2010 despite showing a profit in all but one of those years:
Part of the reason:
News Corp. has 152 subsidiaries in tax havens, including 62 in the British Virgin Islands and 33 in the Caymans. Among the hundred largest U.S. companies, only Citigroup and Morgan Stanley have more tax haven subsidiaries than News Corp., a 2009 U.S. Government Accountability Office study found.

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