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Countdown with Keith Olbermann

IS MUSK BUYING MSNBC TO MAKE IT PRO-TRUMP? - 11.25.24

Countdown with Keith Olbermann

iHeartPodcasts

Politics, News, Sports

4.74.7K Ratings

🗓️ 25 November 2024

⏱️ 51 minutes

🧾️ Download transcript

Summary

SEASON 3 EPISODE 73: COUNTDOWN WITH KEITH OLBERMANN

A-Block (1:44) SPECIAL COMMENT: Is Elon Musk going to buy MSNBC and turn it into pro-Trump propaganda channel?

And, if not Musk – could somebody else?

I may be asking the question backwards. Is there anybody to STOP someone, Musk or not, from buying MSNBC and turning it into pro-Trump propaganda? Well – who stopped Musk from doing that to Twitter? Who stopped Warner BROS Discovery from buying CNN and doing that incompletely but sufficiently enough to render CNN irrelevant in television news? We don’t know for certain that MSNBC is for sale. Companies like Comcast take assets like MSNBC – which by itself has made a profit of something around five or six billion dollars since I made it into “the liberal news channel” in 2006 – and spin them off into another separate company they also own, and throw in CNBC and Oxygen and The Golf Channel and USA Network and half a dozen other assets and do it so hastily they don’t even have a name for the new company and they’re just calling it “SpinCo” – companies like Comcast do that all the time and never sell the new separate company oh no I'm being informed they never do that.

Musk and Trump Junior have now had a "joking" exchange about it online but it underscores that this is exactly what Musk did to twitter and there's nobody and nothing to stop him from doing it here. This comes as The Wall Street Journal reports how corporations are seeing Musk as the new portal to Trump - and so is China. And as a purported old friend of his is insisting Musk has lost control of himself.

This did not begin with the Joe Scarborough Trump disaster last week (though his audience in the "advertiser demo" is down to 51,000 people). It didn't even start with Trump. It pre-dates even my arrival there in 1997. MSNBC and NBC News and NBC and NBC's corporate owners have been at loggerheads continuously since long before the first newscast in 1996. To understand what's happening now, you have to understand what's happened already.

B-BLOCK (31:35) SPECIAL COMMENT 2: This is not MSNBC's first existential crisis. The pre-Comcast corporate ownership at GE was ready to not merely sell the then-newly profitable network in June 2009, it was ready to shut it off and shut it down, just because the mother of the chairman of GE was a Fox fan and Bill O'Reilly was insulting her son. What happened then, and what happened with my departure in 2011, again forms a straight line with the sudden spin-off and the Musk "joke."

C-BLOCK (48:00) THE OTHER WORST PERSONS IN THE WORLD: The Philadelphia police department thinks a burned body may be "suspicious" (no; it happened naturally). Pete Hegseth once insisted it couldn't be rape if she was too drunk to refuse consent. And Nancy Mace and her chest are attacked by her former Communications Director.

It's all part of life's rich pageant.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Countdown with Keith Olderman is a production of IHeart Radio.

0:17.5

Is Elon Musk going to buy MSNBC and turn it into a pro-Trump propaganda channel?

0:26.5

And if not, Musk, somebody else?

0:30.4

I may be asking this question backwards.

0:32.2

Is there anybody to stop someone, Musk or otherwise, from buying MSNBC and turning it into pro-Trump propaganda?

0:41.2

Well, sir, who stopped Musk from doing that to Twitter? Who stopped Warner Bros. Discovery from

0:47.8

buying CNN and doing that incompletely but sufficiently enough to render CNN irrelevant in television news.

0:55.9

As preface, we don't know for certain that MSNBC is actually for sale.

1:00.8

Companies like Comcast take assets like MSNBC, which by itself has made a profit of

1:06.7

something around $5 or $6 billion since I made it into the liberal news channel in

1:13.9

2006 and hired Maddo in 2008. They take assets like that and spin them off into another

1:20.3

separate company they also own and they throw in CNBC and oxygen in the golf channel and

1:26.2

USA Network and half a dozen other assets,

1:28.8

and they do it so hastily, they don't even have a name for their new company,

1:32.9

and they're just calling it SpinCo.

1:36.3

Companies like Crompcast do that all the time and never sell the new separate company,

1:41.5

especially after gifting it with a great long-lasting heritage of a name like

1:45.0

Spinco. Oh, I'm being told no corporations ever do that. Comcast wants to get out of the cable-based

1:52.8

business, or at minimum give itself the option to get out of the cable-based business.

2:00.5

Spinco. This is where out of the cable-based business.

2:01.7

Spinco.

2:06.0

This is where Musk comes in.

...

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