Stacy McCain does the match on AOL and points out something interesting about the money in the AOL deal:
What it means, I suspect, is that the Left is willing to “invest” in liberal media ventures that are supposedly for-profit but which, in fact, lose money. Because, after all, whose money is being invested? Not theirs.
Five words: Government employee union pension funds.
That, I suggest, explains this whole deal. Private investors are now selling their AOL shares, while managers of pension funds for AFSCME, SEIU and other unions are buying AOL stock, thus providing the investment capital necessary to fund expansion of the Left’s online media presence in advance of Obama’s re-election campaign.
Belvedere notes that this is not an issue for the left:
Profit doesn’t mean much to the Committed Left — not if you mean the word in it’s classical sense [OED: ‘financial gains’]. Oh sure, they need money to fund their various schemes, but the Manic Progressives are always willing to sacrifice dollars for propaganda [see: MSNBC]. Besides, if they play it right, they can always funnel some taxpayer dollars into funding their schemes.
Broadcasting their lies relentlessly until they get absorbed by enough of the masses is a tactic the Leftists have employed successfully for a century now.
The daytime range of my radio show, looks pretty good for ads doesn't it?
Alas that is not the case, every day I’m going door to door pitching the show, extolling the range of the radio station, the strength of my guest and the appeal of my show to a growing audience, doing my best to make the sale and pay the mortgage.
The “interests” I’m beholden to are Basement Technologies of Western Mass., Aaron Pallet, Putnam Street lanes. and every other advertiser who buys time on my show. Each of them offer valuable services or produces to my listeners and buy ads on my show to attract customers. Yet ironically the left would paint me because I’m a person of the right as beholding to rich interests while at the same time they are paid millions for a product that doesn’t justify its value.
The world is a weird place.
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