Thursday, September 27, 2012

New York Times and Goldman Sachs-Linked Foundations (and Mutual of America Life Insurance Company) Sponsor `Moyers and Company' Television Show

Carnegie Corporation of New York today announced a grant of $2 million to support the return of Bill Moyers to public television in 2012 with a new weekly program…Earlier this year, Carnegie Corporation’s Board of Trustees approved a two-year, $2 million grant for the production of this program…The program will be aimed at core public television viewers who have long followed Moyers’s work but will also seek new digital audiences who expect to watch programming via the Internet, apps or social media….Bill Moyers was an aide to President Johnson at the White House and staffed the president on the work that led to the establishment of public media.”

--from an August 22, 2011 Carnegie Corporation of New York press release

Janet L. Robinson became president and chief executive officer of The New York Times Company on December 27, 2004 and retired from that position on December 31, 2011….Previously, she had served as chief operating officer and executive vice president since February 2004. From February 2001 until January 2004, she served as senior vice president, newspaper operations for The New York Times Company. In this role, she led the operations of all of the Company’s newspaper properties, which included The New York Times, The Boston Globe, the International Herald Tribune and the regional newspapers. In addition, she was responsible for all digital and broadcast operations. She also held the position of president and general manager of The New York Times newspaper from 1996 until 2004. Ms. Robinson was elected director of the Company in December 2004…"

--from the Carnegie Corporation of New York website

MissionPoint Capital Partners is a private investment firm established by Mark Schwartz, former President and Chief Executive Officer of Soros Fund Management and former Chairman of Goldman Sachs (Asia); Jesse M. Fink, co-founder and former Chief Operating Officer of priceline.com; and Mark J. Cirilli, former Chief Investment Officer of Marshall Street Management…Our LP base is comprised of like-minded, sophisticated investors and include HNW individuals, institutions, endowments, foundations, and partnerships.”

---from the MissionPoint Capital Partners website

New York Times and Goldman Sachs-Linked Foundations (and Mutual of America Life Insurance Company) Sponsor `Moyers and Company’ Television Show

Besides being sponsored by the Mutual of America Life Insurance Company, former Johnson White House Chief of Staff and Schumann Center for Media and Democracy President Bill Moyers’ Public Affairs TV media firm also was given a $2 million “charitable grant” in 2011 by the tax-exempt Carnegie Corporation of New York’s board of trustees to produce the “Moyers and Company” public television show. Coincidentally, the chairperson of the Carnegie Corporation of New York’s board of trustees was also a New York Times Company president, chief executive officer and corporate board member between 2004 and 2011.

In addition to being funded these days by Mutual of America and the New York Times-linked Carnegie Corporation of New York, left-liberal media gatekeeper and funder Moyers’s “Moyers and Company” television show has also been receiving “charitable grants” from a foundation, the Fink Foundation, that apparently holds, through a business arrangement with Goldman Sachs, over $6 million worth of corporate stocks and corporate bonds. According to its Form 990 financial filing for 2010, for example, the $18.5 million worth of assets of the tax-exempt and “non-profit” Betsy and Jesse Fink Foundation included:

1. Over $1.1 million worth of corporate stock “held thru Goldman Sachs;”

2. $3 million worth of corporate bonds held through the “Goldman Sachs Enhanced Income Fund;”

3. $1.5 million worth of corporate bonds held through the “Goldman Sachs Strategic Income Fund;”

4. $1.1 million worth of corporate bonds held through the “Goldman Sachs Core Fixed Income” fund; and

5. $101,000 worth of corporate bonds held through the “Goldman Sachs Emerging Markets Debt Fund.”

In addition, the Fink Foundation that helps to fund the “Moyers and Company” tv show also is apparently obtaining some of its “charitable grant” money by investing in the “Goldman Sachs Developing Market Real Estate” fund.

Coincidentally, the chief financial officer of the MissionPoint Capital Partners investment firm (of which Fink Foundation Manager Jesse Fink is board chairman), Len Nero, “most recently served as a vice president at Goldman, Sachs and Co where he was a member of the Investment Management Division’s Private Equity Group which manages over $20 billion in private equity funds, direct investments and secondary transactions,” according to the MissionPoint Capital Partners website. In addition, Fink Foundation Manager Jesse Fink, himself, is also“President and Chief Executive Officer of Marshall Street Management, a family office established in 1999” and apparently used to work for Citicorp.

So don’t expect the “Moyers and Company” television show to allow many critics of either the Carnegie Corporation of New York, the New York Times/Boston Globe mass media conglomerate's manipulation of U.S. public opinion or the Fink Foundation’s Goldman Sachs’ links and investments to appear on its programs in 2012 or 2013.

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