manifestation of globalization. They rallied to confront the until then

omnipotent WTO with its power to set the terms of international trade without

accountability. There, in the land of Boeing and Microsoft, with Starbucks the

caffeine of choice, they were in turn contained by the armed might of a state

which usually prefers to keep its velvet fist out of sight and out of mind.


don’t have to go West to be exposed to a more insidious and just as physical

concentration of corporate power. It is with me every day. I just have to cross

the street. I work in Times Square, New York City, which in one decade has been

transformed from a center of sleaze into a mecca of media and finance power.

Here, there is little visible governmental presence. Even most policing and

garbage removal has been privatized by a company funded Business Improvement

District or B.I.D. Walk these streets with me, not as a tourist mesmerized by

bright lights, but as a corporate critic aware that trade is only one piece of a

more complex free market octopus. The images and entertainment products

manufactured here and in LA may have a more lasting and insidious impact than

the sneakers, software or airplanes hatched in the boardrooms and assembly lines

of the Pacific Northwest. Boeing’s jets physically invade the world’s markets,

transporting us around the world. TV and movies invade our minds, framing how

many of us see the world. Was it any wonder that the networks downplayed or

distorted the WTO protests? They realized, even if many of us do not, that they

play a leading role in the system under attack. Unfortunately, many activists

are still parochial, focusing on just one piece of an interlocking puzzle.


begin our tour on the newly Disneyized 42nd Street, where peep shows once

reigned. Across from the Disney Store, on the southeast corner, and just up from

the theater where the Lion King brings in $80 plus a ticket with its South

African inflected rhythms, a new building rises. It’s the headquarters of

Reuter’s, once thought of as a British firm, but now a global enterprise which

makes more money with its financial services than its legendary news wire.


the northeast corner, Si Newhouse has quartered his upscale magazines like

Vanity Fair and the New Yorker in a shiny new tower. Around the corner, in the

same building, NASDAQ is about to go live with its state of the art exchange,

complete with a tallyboard designed to double as a TV set for all the financial

reporters who use it as backdrop for their reports on which stocks are up, and

which are not. In this world, dollars have become electronic digits on the wall.

Downstairs, Disney’s ESPN has taken over the corner for its new entertainment

zone theme restaurant and video game parlor.


you walk uptown, you pass ABC’S new 75 million dollar Good Morning America

studio with its three level multi-color news and sports ticker dwarfing the old

‘zipper’ that once brought the headlines to the ‘crossroads of the world’ in old

fashioned black and white. That building was bought some years ago by an

investment banking firm for its billboard frontage; its sole store is rented to

Warner Brothers so that Tom and Jerry chatchkas can compete with all the Mickey

Mouse paraphernalia. NBC leased the giant Panasonic screen on the front of this

building to endlessly program us to watch its news programming. A just rebuilt

recruiting station for the Armed Forces has just opened next to a police station

just in case anyone misses Rudy Giuliani’s finest or a Pentagon presence.

Halfway down 43rd Street is the Square’s namesake, its original media tenant,

the New York Times, the country’s most influential organ, now a conglomerate in

itself with its own network of newspapers, TV and radio stations and other

‘properties.’ Having just wrangled tax concessions from the City, the Times

intends to build its own super modern tower in the neighborhood.


the next block, there’s the nerve center of Bertelsmann,the German owned

megamedia combine which recently bought up Random House to add to its own stable

of publishing and record companies. The German execs rule on the 44th floor

where they have a great view of the MTV studios across the square. In MTV’s

cafeteria, the Lodge, kids jokingly call the people who work for Viacom, their

parent company, "the Viacomese," as if they are a nation apart.

Viacom, of course, also runs MTV worldwide, VH-l, Nicolodeon, Showtime,

Paramount, Simon and Schuster etc. And soon, once the deal goes through, Vicaom

itself will merge with CBS in a new viacomination worth billions. Looking down

on all this are flashing billboards of the corporate sponsors who make these

media enterprises economically viable. Just a streer away on Sixth Avenue are

the corporate towers of Rupert Murdoch’s News Corporation with its Fox News

Channel, General Electric’s NBC, Time Warner, Time-Life, The Associated Press.,

CBS, MGM, Paramount, and Universal. These are the people who shape the cultural

environment that influences what most of us know, read, see, and think about.


across from our Globalvision office where our new Media Channel Internet

supersite, (http://www.mediachannel.org) seeks to monitor what these moguls are

up to, is the Morgan Stanley-Paine Weber tower of power with its own supersign

that trumps them all, tracking on a moment by moment basis the trades of every

commodity, currency and exchange worldwide. It’s the ultimate score card on the

deals that drive the globalized economy.


yes, knowing and caring about the secret maneuvers of the WTO is important and

worth raising questions about. But so are the quite open and better known

activities of the media monoliths who all too effectively promote the ideologies

and the interests of those setting the rules of trade in the back room.


the words of Eduardo Galeano which somehow belong on one of the Square’s many

billboards: "Never have so many been held incommunicado by so few."



Schechter, author of The More You Watch The Less You Know (Seven Stories

Press) is the executive editor of the Media Channel.


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