How do they warrant such salaries? Because of their immense popularity? Because they are better than the rest?
In 1949 the Fairness Doctrine was established. Diversity in broadcast communications and media was encouraged and valued through the 1970s. In 1970 the Radio & TV cross ownership rule prevented large media organizations from owning a TV and radio station in the same market, again to promote and protect media diversification and a broad spectrum of views. In 1975, the rule was added preventing the ownership of TV and newspaper in the same market.
In 1980, President Reagan began a push, complicit with his corporate patrons, to reverse this legislation. Under the first President Bush that effort was continued. The court case Meridith Corp vs. the FCC ruled the FCC had no power to regulate and enforce the fairness doctrine. Bill Clinton was no friend of media diversification. The effort continued until most FCC rules were eliminated through the Telecommunications Act of 1996, thanks to a Republican Congress, Clinton and their corporate donors.
America instantly saw a 1/3 decline in diversification. Corporations continued that theft of public ownership of the airwaves. 7 corporations now own 75% of all radio and TV. the purpose from the start was to eliminate dissent, the free flow of information and unbiased discourse. Evidence the fact that no one in any corporate media in the lead up to the Iraq Invasion ever posed adequate dissent to questions over weapons of mass destruction, and criminality to trick the American public into war. Evidence the complete fabrication that poor people with bad home loans caused the financial crisis of 2008-07, without telling the true story of credit default swaps and speculation on those bad debts far in excess of the actual value of the entire US housing market. Evidence the lack of credible questions and accountability over the 9-11 atrocity. Evidence the assult against Global Warming, the effects of which, through drought and floods and severe climate anomalies we are only just beginning to suffer. Evidence the echo chamber continuation of Obama’s birth certificate foolishness. evidence that Sarah Palin is not a diner waitress at a truck stop in Alaska. Evidence the slanted reporting on the tiny Tea party illusion against the massive anti-war and now Occupy movements. Evidence…