Tuesday, December 23, 2003

Citizen Conrad's Friends

Krugman - We're now learning that Lord Black also used his control of Hollinger to reward friends, including journalists, who share his political views. Inevitably the list includes both Henry Kissinger and Richard Perle.

Mr. Perle, wearing his defense-insider hat, co-wrote a Wall Street Journal op-ed praising the Pentagon's controversial Boeing tanker deal. He didn't disclose Boeing's $2.5 million investment in Trireme.

Sure enough, Hollinger also invested $2.5 million in Trireme, which is advised by Lord Black. In addition, Mr. Perle was paid more than $300,000 a year and received $2 million in bonuses as head of a Hollinger subsidiary. It's good to have friends.

The real surprise, though, is that two prominent journalists, William Buckley and George Will, were also regular paid advisors to Hollinger.

The Iraq war bears an eerie resemblance to the Spanish-American war. (There was never any evidence linking Spain to the Maine's demise.) And Citizen Kane is back, in the form of an incestuous media-political complex.

Article that led to column here.

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