Economics/Class Relations

Who Owns Big Pharma + Big Media? You’ll Never Guess.

BlackRock and the Vanguard Group, the two largest asset management firms in the world, combined own The New York Times and other legacy media, along with Big Pharma.

Story at-a-glance:

  • Big Pharma and mainstream media are largely owned by two asset management firms: BlackRock and Vanguard.
  • Drug companies are driving COVID-19 responses — all of which, so far, have endangered rather than optimized public health — and mainstream media have been willing accomplices in spreading their propaganda, a false official narrative that leads the public astray and fosters fear based on lies.
  • Vanguard and BlackRock are the top two owners of Time Warner, Comcast, Disney and News Corp, four of the six media companies that control more than 90% of the U.S. media landscape.
  • BlackRock and Vanguard form a secret monopoly that own just about everything else you can think of too. In all, they have ownership in 1,600 American firms, which in 2015 had combined revenues of $9.1 trillion. When you add in the third-largest global owner, State Street, their combined ownership encompasses nearly 90% of all S&P 500 firms.
  • Vanguard is the largest shareholder of BlackRock. Vanguard itself, on the other hand, has a unique structure that makes its ownership more difficult to discern, but many of the oldest, richest families in the world can be linked to Vanguard funds.

What does The New York Times and a majority of other legacy media have in common with Big Pharma? Answer: They’re largely owned by BlackRock and the Vanguard Group, the two largest asset management firms in the world. Moreover, it turns out these two companies form a secret monopoly that owns just about everything else you can think of too. As reported in the featured video:

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